Intel delays ceremony for Ohio manufacturing facility over lack of presidency funding

Illustration by Alex Castro / The Verge

Intel is suspending the groundbreaking ceremony for its deliberate chip-making amenities in Ohio as a result of the US authorities hasn’t but offered it with funding, the corporate confirmed to The Verge (through The Washington Submit and The Wall Road Journal). The ceremony, which was initially set to happen on July 22nd, has been delayed indefinitely in a probable bid to push the US authorities in the direction of passing the CHIPS Act.

Intel introduced its $20 billion plan to construct two semiconductor vegetation in New Albany, Ohio earlier this yr, noting that its growth to probably embody as much as eight vegetation will “rely closely on funding from the CHIPS Act.” The CHIPS Act reserves $52 billion in funding for semiconductor firms, together with Intel, to…

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