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Congress is giving billions to the chip industry. Strings are attached.

Summary by Ground News
Intel told Commerce Department officials that it was considering expanding its manufacturing capacity for chips by taking over an abandoned factory in Chengdu, China. The new facility, the company said, could help ease a global chip crunch that was shuttering car and electronics factories. Intel ultimately shelved the plan, but for lawmakers and the administration, it became a vivid example of the need to pass legislation aimed at luring the global chip industry back to the United States.

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Boston GlobeBoston Globe
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Congress is giving billions to the chip industry. Strings are attached. - The Boston Globe

Amid a global semiconductor shortage, and as lawmakers dithered over a bill to boost US-based chip manufacturing, Intel went to the Biden administration with a proposal that some officials found deeply alarming.

·Boston, United States
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  • 100% of the sources lean Left
100% Left
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Boston Globe broke the news in Boston, United States on Wednesday, August 3, 2022.
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