https://sputnikglobe.com/20220712/intel-urges-us-congress-to-pass-chips-act-to-fund-semiconductors-industry-amid-shortage-1097245461.html
Intel Urges US Congress to Pass CHIPS Act to Fund Semiconductors Industry Amid Shortage
Intel Urges US Congress to Pass CHIPS Act to Fund Semiconductors Industry Amid Shortage
Sputnik International
WASHINGTON (Sputnik) - Intel CEO Pat Gelsinger on Tuesday called upon the US Congress to rapidly pass the CHIPS Act to fund the American semiconductor... 12.07.2022, Sputnik International
2022-07-12T17:46+0000
2022-07-12T17:46+0000
2022-07-12T17:46+0000
us
chip
computer
semiconductors
https://cdn1.img.sputnikglobe.com/img/102124/91/1021249196_0:102:2048:1254_1920x0_80_0_0_67750055f4c4e4af470d7d043a1a6949.jpg
“I think it's embarrassing that the US has started this process [funding in semiconductors industry] a full year before the Europeans and the complex 27-member state Europeans have moved forward more rapidly,” Gelsinger said in an event hosted by the Washington Post. “There is good support [among] Republicans, Democrats, bicameral, that CHIPS [Act] needs to get done … But we're stuck in a complex political process ... We need this done now.”Gelsinger pointed out that back in 1990, about 40% of the semiconductor industry was located in the United States alongside a similar share in Europe, while today 80% of this industry is in Asia, and just 12% in the United States and 8% in Europe.Earlier in the day, Gelsinger said in a tweet that Intel is ready to start building its new semiconductor mega-factory in Ohio once the Congress acts on the CHIPS Act.The CHIPS Act is aimed at boosting American semiconductor capacity and stimulating the flow of private capital investment in the semiconductor industry. If enacted, the Act would provide American-based chip manufacturers with $52 billion in grants and subsidies.
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2022
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
us, chip, computer, semiconductors
us, chip, computer, semiconductors
Intel Urges US Congress to Pass CHIPS Act to Fund Semiconductors Industry Amid Shortage
WASHINGTON (Sputnik) - Intel CEO Pat Gelsinger on Tuesday called upon the US Congress to rapidly pass the CHIPS Act to fund the American semiconductor manufacturing capacity amid widespread shortages following the COVID-19 pandemic.
“I think it's embarrassing that the US has started this process [funding in semiconductors industry] a full year before the Europeans and the complex 27-member state Europeans have moved forward more rapidly,” Gelsinger said in an event hosted by the Washington Post. “There is good support [among] Republicans, Democrats, bicameral, that CHIPS [Act] needs to get done … But we're stuck in a complex political process ... We need this done now.”
Gelsinger pointed out that back in 1990, about 40% of the semiconductor industry was located in the United States alongside a similar share in Europe, while today 80% of this industry is in Asia, and just 12% in the United States and 8% in Europe.
Earlier in the day, Gelsinger said in a tweet that Intel is ready to start building its new semiconductor mega-factory in Ohio once the Congress acts on the CHIPS Act.
“Ten days ago, we took delivery of the land in Ohio for our new Mega fab. We have equipment in place and have started prep work for beginning major construction, but … we are still waiting on Congress to act,” the tweet said.
The CHIPS Act is aimed at boosting American semiconductor capacity and stimulating the flow of private capital investment in the semiconductor industry. If enacted, the Act would provide American-based chip manufacturers with $52 billion in grants and subsidies.
