.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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Torture Is Still Practiced in the United StatesOpEd: 'There are two steps toward making that reality our own: First, and this is more straightforward, is to call violence what it is ... The second is what we’ve been doing for centuries: Demand accountability until we’re free.'
Read more »
United States Supreme Court Ruling Overturning Roe V. Wade Won’t Affect Abortion Access In CaliforniaThe U.S. Supreme Court issued a decision in Dobbs v. Jackson Women’s Health Organization, overturned federal abortion protections established under Roe vs. Wade.
Read more »
Gigabyte Z690I Aorus Ultra Plus: Best Mini-ITX Motherboard For Intel 12th Gen Processors?Is this the best Z690 mini-ITX motherboard for small gaming PCs?
Read more »
Intel delays ceremony for Ohio factory over lack of government fundingIntel pushes Congress towards passing chip-related legislation.
Read more »
United Airlines' pilots union approves tentative deal to boost pay for 14,000 pilotsUnited Airlines' pilots union approved a contract that would boost the pay of pilots by more than 14% over the next 18 months. This comes as the industry battles a staffing shortage.
Read more »
United Airlines Is Cutting 50 Flights a Day From This City — Best LifeUnited has announced it's cutting 50 flights a day from its hub at Newark Liberty International Airport to help ease scheduling woes.
Read more »