Biden signs CHIPS Act, paving way for Intel buildout of New Albany site

A CPU similar to the ones planned to be manufactured at the Intel facility in Ohio.

The CHIPS Act has officially become law and with it, the potential of New Albany becoming the site of the world’s biggest semiconductor manufacturing operations.

President Joe Biden signed the bill into law Tuesday morning in a ceremony on the South Lawn of the White House in front of politicians and business, labor and educational leaders. The law provides $52.7 billion in aid to the semiconductor industry along with other incentives.

Click here to read the complete story.

Story excerpt provided by The Columbus Dispatch.

Written by Mark Williams.

Originally published August 9, 2022.

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