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White House proposes up to $8.5B to fund Intel’s domestic chip manufacturing
Well before President Joe Biden signed the CHIPS and Science Act into law back in August 2022, Intel has been a cornerstone of U.S. efforts to increase
Between the densely populated East Asian country’s semiconductor behemoth TSMC and the massive amount of manufacturing that happens in Chinese cities like Shenzhen, major industries ranging from smartphones to automotive were brought to a virtual standstill amid early lockdowns. While the CHIPS Act was still winding its way through Capitol Hill, Intel announced plans to open a $10 billion manufacturing facility just outside of Columbus, Ohio. Notably, Intel recently pushed back the manufacturing start date of its New Albany, Ohio, plant two years to 2027, citing changes to the business environment.
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