Sun. May 29th, 2022

Intel CEO Pat Gelsinger has once again called on the US House of Representatives and Senate to urgently reach agreement on the CHIPS Act.

The CHIPS Act is a US law designed to facilitate the relocation of more of the semiconductor supply chain in the face of rising tensions with China. Right now, just over 10% of chip manufacturing takes place in the United States.

Once passed, the law will unlock tens of billions of dollars in federal funding for semiconductor research and manufacturing, much of which will land in Intel’s pocket. The US House and Senate agree on the need for the legislation, but have been slow to iron out the details.

Intel Factory

Inside an Intel manufacturing plant. (Image credit: Intel)

Speaking to the press during a Q&A session at Intel Vision 2022, Gelsinger explained that the company’s current fab construction and expansion plans are “either on track or in ahead of schedule.” However, he also warned that the CHIPS Act is needed to “speed up the industry”.

By Admin

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