Intel (INTC) blames Congress for potential Ohio chip factory delay
Intel has designs to extend its company in Ohio with a new factory, but statements it could be slowed down by delayed funding from Congress’ CHIPS Act.
Regardless of difficulties with the ongoing semiconductor famine and the scarcity of means, Intel has moved alongside with intense endeavours to bolster its chip fabrication amenities. Having said that, just one of its most current initiatives might be delayed due to a absence of anticipated funding from Congress by the CHIPS Act. Intel has shared that its expansion into Ohio with a new manufacturing facility may be delayed or scaled back if Congress doesn’t occur by means of with claimed funding.

Intel shared phrase of the attainable delay in its Ohio growth in a statement released on June 23, 2022, as reported by CNBC. In accordance to the statement, Intel is involved about the delays it has witnessed in Congress in regards to the pending CHIPS Act, which was intended to supply around $52 billion USD in govt funding to computer system element manufacturing in get to overcome the semiconductor famine and fortify the US’s technologies sector. Intel declared its strategies to develop a processor manufacturing unit in Ohio before in 2022 with Ohio Governor Mike DeWine’s help. Sad to say, Intel shared in its statement that funding from the CHIPS Act has “moved extra slowly but surely than we predicted.”



Intel has been intense in relocating to grow and fight chip shortages, particularly in 2022. The firm also announced the opening of a $3 billion USD growth to its chip fabrication facility in Oregon again in April and has been going to broaden into the GPU industry with its freshly declared line of gaming-centered Intel ARC solutions which had been initially introduced in late 2021. In its assertion, Intel advised that Congress requires to act quickly if operate on its Ohio expansion is to transfer together easily.

“It is time for Congress to act so we can shift forward at the speed and scale we have extensive envisioned for Ohio and our other projects to aid restore U.S. semiconductor producing management and construct a a lot more resilient semiconductor source chain,” Intel said in its statement.

Velocity and US Congress are not precisely phrases that occur together extremely normally, but as the country carries on to beat economic challenges and scarcity of semiconductor means, it would seem the CHIPS Act may want to go alongside sooner than afterwards for groups like Intel to steer clear of complications.
