Chipmakers in the U.S. have started crying foul over the slow pace of the legislation of the CHIPS Act, which was expected to inject $52 billion into the struggling sector. According to the Wall Street Journal (WSJ), Intel (INTC) has already pulled the plug on the groundbreaking of a new Ohio chip factory in protest of Congress’s slow passage of the bill. $52 Billion CHIPS Act & Expansion Plans Intel is not the only company basing its expansion plans on the $52 billion subsidy program. According to Fortune.com, Taiwan Semiconductor Manufacturing (TSM) is currently building a factory in Arizona based on U.S. incentives.
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