Summary
[BidenurgesCongresstopass$52billionchipbillamidglobalsupplyshortagethebillwouldprovide$52billioninfundingforchipresearchandmanufacturingintheUnitedStatesamidaglobalsupplyshortage(InterfaceNews)
On January 22, US President Biden praisedIntelBuilding a new store in Ohiosemiconductorplans for the factory and urged Congress to pass a deadlocked bill that would fund $52 billion in U.S. chip research and manufacturing amid global supply shortages.
“I want other cities and states to do what was announced here today, and that’s why I want Congress to pass this bill immediately and bring it to my office,” Biden said at the White House on Friday.IntelCEO Kissinger stood by his side.
According to Reuters,IntelIt said on Friday that it will initially invest $20 billion to build two chip manufacturing plants in Ohio, and plans to eventually invest as much as $100 billion to build the world‘s largest chip manufacturing base in Ohio.
Kissinger pointed out,semiconductorThe industry’s total annual sales are just over $500 billion and are expected to double by 2029. As CEO, he said, his goal is to expand Intel’s share of this growing market, so investment and capacity expansion must more than double.
(Article source: Interface News)