Intel: Ohio semiconductor facility investment ‘motivated’ by CHIPS Act

Intel’s decision to invest $20 billion in a new semiconductor manufacturing facility was “motivated” by the Creating Helpful Incentives to Produce Semiconductor in America Act, Intel President and CEO Pat Gelsinger said Friday alongside President Biden, who called on Congress to immediately fund the legislation. The CHIPS Act was enacted last year to incentivize domestic semiconductor manufacturing via subsidies and other measures. The Senate last June passed the U.S. Innovation and Competition Act, which included $52 billion in CHIPS Act...