Intel’s CEO shouldn’t be shocked US can’t get CHIPS Act done

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Intel’s CEO shouldn’t be shocked US can’t get CHIPS Act done
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Intel’s CEO shouldn’t be surprised America can’t get CHIPS Act together

How serious is Intel about delaying the build-out of its planned $20 billion mega-fab site in Ohio?

the groundbreaking ceremony for the Ohio site to show its displeasure over Congress' inability to pass $52 billion in subsidies to fund American semiconductor manufacturing.yesterday, Gelsinger warned Intel would prioritize building factories in Europe over the US if Congress fails to act on the long-stalled chip subsidies bill.

Despite this, Gelsinger has pressed Congress for roughly a year now to approve the subsidies-enabling Creating Helpful Incentives to Produce Semiconductors for America Act.its version of the bill in March of last year and the House of Representatives approved its version in February.

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