[cityhantam]

https://www.theverge.com/2022/6/25/23182...-chips-act

Intel delays ceremony for Ohio factory over lack of government funding

Intel says its plans ‘depend heavily’ on government subsidies


Intel is postponing the groundbreaking ceremony for its planned chip-making facilities in Ohio because the US government hasn’t yet provided it with funding, the company confirmed to The Verge (via The Washington Post and The Wall Street Journal). The ceremony, which was originally set to take place on July 22nd, has been delayed indefinitely in a likely bid to push the US government towards passing the CHIPS Act.

Intel announced its $20 billion plan to build two semiconductor plants in New Albany, Ohio earlier this year, noting that its expansion to potentially include up to eight plants will “depend heavily on funding from the CHIPS Act.” The CHIPS Act reserves $52 billion in funding for semiconductor companies, including Intel, to promote chip manufacturing in the US. While the Senate and House have approved their own versions of the bill, movement on its finalization has stalled in Congress.


Intel told US lawmakers and government officials that it’s delaying its ceremony “due in part to uncertainty around” the CHIPS Act, according to an email viewed by the WSJ. In a statement to The Verge, Intel spokesperson William Moss reiterates that the “scope and pace” of the company’s project rely on funding from the CHIPS Act. “Unfortunately, CHIPS Act funding has moved more slowly than we expected and we still don’t know when it will get done,” Moss adds.