“We are excited to begin construction of a new cutting-edge semiconductor manufacturing facility in Ohio. But as we stated in our January statement, the scope and speed of our expansion in Ohio will be heavily dependent on the funding of the Chip Act, “Unfortunately, funding for the Chip Act has been slower than we expected, and we still don’t know when it will pass. Now is the time for Congress to act, so that We can move forward at the speed and scale envisioned.”
Intel’s plans for a new factory include subsidies from the Chip Act, which allows the U.S. government to provide $52 billion in subsidies for computer chip manufacturing to encourage semiconductor manufacturing and research. The bill passed the Senate last summer but has yet to be signed into law. For now, the Chip Act has been stalled as lawmakers try to resolve differences between versions in both chambers of Congress.
Intel canceled a ground-breaking ceremony scheduled for Thursday, but a spokesman said it was still planned for the fall. An Intel spokesman said the company remained committed to the $20 billion investment announced earlier this year, but the larger $100 billion investment faces uncertainty if the Chip Act does not pass. Intel CEO Pat Gelsinger discussed the bill with lawmakers in Washington, D.C., on Thursday.
