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Intel CEO Says Chip Production Plans Need Boost From Congress

  • Chip manufacturing money sidelined amid debate on Biden agenda
  • U.S. has lost a significant share of global chip production
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Intel's Chip Production Plans Need Help From Congress: CEO
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Intel Corp.’s plans for a multibillion-dollar investment in a new U.S. semiconductor plant hang in part on Congress moving on a stalled plan to bolster the domestic chip industry, the company’s chief executive said.

“The capital plans that we’ve laid out do not presume anything heroic on the part of the government, but we’d like to go bigger and faster as a result of the investments from the U.S. government,” Intel CEO Pat Gelsinger said on Bloomberg Television.