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CHIPS Act Would Help Semiconductor Industry ‘Go Bigger and Faster,’ Congress Told

  • Tech chiefs urge Congress to pass semiconductor funding
  • Lawmakers trying to reconcile House and Senate bills
Patrick Gelsinger
Patrick GelsingerPhotographer: David Paul Morris/Bloomberg

The chief executives of some of the largest U.S. chip manufacturing companies urged Congress to pass legislation that includes $52 billion in incentives for their industry, calling it “essential” to maintaining competitiveness with China and other countries.

“We have put our chips on the table to help the U.S. regain process technology and manufacturing leadership,” Pat Gelsinger of Intel Corp. told the Senate Commerce Committee. “We are slated to break ground in Ohio this year. I challenge Congress to find a path forward on CHIPS Act funding before then. I want to go bigger and faster.”