Intel CEO Expresses Frustration Over CHIPS Act Delays
11/05/2024Intel CEO Expresses Frustration Over CHIPS Act Delays
Introduction
Intel CEO Pat Gelsinger has voiced his frustration over the slow progress of the U.S. CHIPS and Science Act funding, despite Intel's significant investments in U.S. manufacturing facilities.
Details
Since the enactment of the CHIPS Act, Intel has invested over $30 billion in its U.S.-based manufacturing facilities but has yet to receive any funding from the American government. Gelsinger highlighted his disappointment during an interview with Yahoo Finance, noting that it has been over two years since the Act was passed. He emphasized the need to expedite the process, as Intel continues to invest heavily in its U.S. operations.
Community Reaction
The tech community is closely watching the situation, as the CHIPS Act is seen as a critical piece of legislation for boosting domestic semiconductor manufacturing. Gelsinger's comments have sparked discussions about the challenges and delays in government funding processes and the potential impact on Intel's expansion plans.
Conclusion
While Intel has secured some funding through other means, such as the Semiconductor Co-Investment Program (SCIP), Gelsinger remains hopeful that the CHIPS Act funding will be released soon. He stressed the importance of finishing what was started and ensuring that Intel can continue its growth in the U.S.