House Approves Permit Exemption for Chips, Sending Bill to Biden
- Bill would limit NEPA requirements for projects by Intel, TSMC
- Republicans had killed earlier attempts at chips carve-out
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The US House approved legislation that would exempt some semiconductor manufacturing projects from federal permitting requirements, addressing concerns that environmental reviews and lawsuits will delay construction of domestic chip factories.
The bill, which is now headed to President Joe Biden’s desk, aims to speed up the build-out of the US semiconductor industry. Chip companies have pledged to invest some $400 billion in factories on American soil — spurred by incentives from the 2022 Chips and Science Act. Companies like Intel Corp. and Taiwan Semiconductor Manufacturing Co. are poised to receive billions of dollars from the legislation, helping pay for major projects across the US.