.Intel has indefinitely delayed its groundbreaking for one of the largest chip-manufacturing plants in the United States due to the uncertainty of potential funding provided by Congress.
The computer company informed Ohio Gov. Mike DeWine and the state's legislature that it is delaying its tentatively scheduled July 22 groundbreaking of the semiconductor plant over concerns regarding legislation being debated in Congress, according to emails reviewed by the Wall Street Journal.
Intel intends to maintain its plans to build the facility and has not pushed back construction, but the delay is reflective of concerns among the company's leadership with regard to the Bipartisan Innovation Act.The company is excited to begin construction on the factory but said it depends on congressional funding."Unfortunately, CHIPS Act funding has moved more slowly than we expected, and we still don't know when it will get done," said Intel spokesman Will Moss.
The Bipartisan Innovation Act, also known as the CHIPS Act, is part of a larger series of funding to help the U.S. wean off its reliance on China and Taiwan for its technology components. The legislation, if passed, would have provided $52 billion in funding for expanding semiconductor research and development. While the Senate passed a form of the bill in June 2021, it has yet to pass in the House.Intel announced the Ohio factory in Jan.
The semiconductor shortage has had severe effects on a multitude of industries, including computer production and automotive production. Toyota cut its car production quota by 50,000 in July 2022 due to a lack of semiconductors.
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