https://www.techradar.com/news/intel-ceo-on-chips-act-get-th…
Intel CEO Pat Gelsinger has once again called for the US House and Senate to reach an agreement over the CHIPS Act as a matter of urgency.
The CHIPS Act is a piece of US legislation designed to facilitate the onshoring of a larger proportion of the semiconductor supply chain in the face of rising tensions with China. As it stands, just over 10% of chip manufacturing takes place in the US.
Once passed, the act will unlock tens of billions of dollars in federal funding for semiconductor research and manufacturing, much of which will land in Intel’s pocket. The US House and Senate agree on the need for the legislation, but have been slow to iron out the specifics.