Intel delays ceremony for Ohio factory over lack of government funding - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/06\/27\/intel-delays-ceremony-for-ohio-factory-over-lack-of-government-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intel delays ceremony for Ohio factory over lack of government funding - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Intel is postponing the groundbreaking ceremony for its planned chip-making facilities in Ohio because the US government hasn\u2019t yet provided it with funding, the company confirmed to The Verge (via The Washington Post and The Wall Street Journal). 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\n

Intel is postponing the groundbreaking ceremony for its planned chip-making facilities in Ohio because the US government hasn\u2019t yet provided it with funding, the company confirmed to The Verge<\/em> (via The Washington Post<\/em><\/a> and The Wall Street Journal<\/em><\/a>). The ceremony, which was originally set to take place on July 22nd, has been delayed indefinitely in a likely bid to push the US government towards passing the CHIPS Act.<\/p>\n
Intel announced its $20 billion plan<\/a> to build two semiconductor plants in New Albany, Ohio earlier this year, noting that its expansion<\/a> to potentially include up to eight plants will \u201cdepend heavily on funding from the CHIPS Act.\u201d The CHIPS Act reserves $52 billion in funding for semiconductor companies, including Intel, to promote chip manufacturing in the US. While the Senate<\/a> and House have approved their own versions of the bill<\/a>, movement on its finalization has stalled in Congress<\/a>.<\/p>\n
\n\u201cThere is no reason that we should not pass this bill through Congress in July\u201d<\/q><\/aside>\n<\/div>\nIntel told US lawmakers and government officials that it\u2019s delaying its ceremony \u201cdue in part to uncertainty around\u201d the CHIPS Act, according to an email viewed by the WSJ<\/em>. In a statement to The Verge<\/em>, Intel spokesperson William Moss reiterates that the \u201cscope and pace\u201d of the company\u2019s project rely on funding from the CHIPS Act. \u201cUnfortunately, CHIPS Act funding has moved more slowly than we expected and we still don\u2019t know when it will get done,\u201d Moss adds.<\/p>\n
Moss goes on to say, \u201cit is time for Congress to act\u201d so the company can \u201cmove forward at the speed and scale\u201d for its projects in and outside of Ohio. Although Intel has delayed its groundbreaking ceremony, Moss says it hasn\u2019t pushed back plans to begin building its facilities. Construction is still set to commence in late 2022, with production starting in 2025.<\/p>\n\u201cWe expressed our belief that there is no reason that we should not pass this bill through Congress in July,\u201d House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer said in a statement<\/a> following a meeting about the chip-related legislation on Tuesday.<\/p>\n
Congress faces mounting pressure from Intel and other government officials to pass a final version of the CHIPS Act before the Congressional recess in August. As noted by The Post<\/em>, officials are concerned that Congress\u2019 slow action on the bill could cause semiconductor companies to turn their attention away from the US. <\/p>\n
In May, US Commerce Secretary Gina Raimondo warned about this possibility in a statement to CNBC<\/a> and urged Congress to pass the bill. \u201cIf Congress doesn\u2019t pass the CHIPS Act and pass it quickly, we\u2019re going to lose out on that. Intel, Micron, Samsung \u2014 they\u2019re growing, they\u2019re going to build future facilities,\u201d Raimondo stated.<\/p>\n
\n<\/aside>\n<\/div>\n
<\/br><\/code><\/p>\nSource: https:\/\/www.theverge.com\/2022\/6\/25\/23182727\/intel-groundbreaking-ceremony-delayed-government-funding-chips-act<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Source: Intel is postponing the groundbreaking ceremony for its planned chip-making facilities in Ohio because the US government hasn\u2019t yet provided it with funding, the company confirmed to The Verge (via The Washington Post and The Wall Street Journal). The ceremony, which was originally set to take place on July 22nd, has been delayed indefinitely […]<\/p>\n","protected":false},"author":1,"featured_media":8736,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[15,8],"tags":[16],"class_list":["post-8735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policy","category-technology","tag-policy"],"yoast_head":"\nIntel delays ceremony for Ohio factory over lack of government funding - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/06\/27\/intel-delays-ceremony-for-ohio-factory-over-lack-of-government-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intel delays ceremony for Ohio factory over lack of government funding - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Intel is postponing the groundbreaking ceremony for its planned chip-making facilities in Ohio because the US government hasn\u2019t yet provided it with funding, the company confirmed to The Verge (via The Washington Post and The Wall Street Journal). 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