Illustration by Alex Castro / The Verge
Intel is postponing the groundbreaking ceremony for its planned chip-making facilities in Ohio because the US government hasn’t 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 in a likely bid to push the US government towards passing the CHIPS Act.
Intel announced its $20 billion plan to build two semiconductor plants in New Albany, Ohio earlier this year, noting that its expansion to potentially include up to eight plants will “depend heavily on funding from the CHIPS Act.” The CHIPS Act reserves $52 billion in funding for semiconductor companies, including Intel, to…
