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Intel Warns US Lawmakers Factory Plans Hinge on Stalled Chip Bill

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Biden Calls on Congress to Pass Chips Bill 'Right Away'

Intel Corp. Chief Executive Officer Pat Gelsinger said US politicians are reaching the last moment to pass a bill aimed at revitalizing the country’s chip industry, putting the company’s domestic expansion plans in doubt.

“It’s time to get all the chaff out of the way, get to the core issues, get decisions made over the next two weeks,” Gelsinger said in an interview Thursday. “I think both sides of the aisle now -- both bipartisan and bicameral -- feel the urgency of getting this done before the August recess.”