Semi-conductor subsidy bill to get votes next week; Commerce Secretary urges its passage to enable construction of new Intel plant in Ohio
WASHINGTON, D. C. – Commerce Secretary Gina Raimondo on Friday called on both houses of Congress to approve long-delayed legislation that would provide $52 billion in subsidies to the semiconductor industry.
Raimondo told reporters that the U.S. Senate and House of Representatives will vote next week on a compromise package that hammers out differences between separate bills the different legislative bodies approved to help U.S. technology companies compete with rivals like China. Intel Corp. has said passage of the CHIPS for America Act is key to its plans to build a $20 billion plant outside Columbus that could expand to become a $100 billion facility.
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Story excerpt provided by Cleveland.com.
Written by Sabrina Eaton.
Originally published July 15, 2022.
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