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President Joe Biden announced in March that nearly $20 billion in CHIPS Act money would be spread across Intel projects in Licking County, Arizona, Oregon and New Mexico.
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President Joe Biden's administration made the announcement as construction continues on the $20 billion New Albany plant.
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Intel officials, who want to build a massive chip processing facility in Central Ohio, said passage of that federal bill is crucial for them.
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The bill would support domestic manufacturing of semiconductor chips that power the nation's smartphones, cars, computers and medical equipment.
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Business & EconomyRepublican and Democratic officials in Ohio are calling on Congress to pass a new version of what was the CHIPS Act to subsidize semiconductor plants.
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Building out a domestic computer chip manufacturing industry has become a priority after pandemic issues revealed supply chain glitches. Today on All Sides we consider the benefits and the cost of a domestic chip industry for central Ohio and the nation.
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Business & EconomyIntel CEO Pat Gelsinger could shift future investments overseas if a $52 billion subsidy for chip manufacturers fails to pass in Congress, impeding the company's growth in Ohio.
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Intel has indefinitely delayed a groundbreaking ceremony for its $20 billion semiconductor factory in New Albany. The company blames inaction in Congress for the delay.
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Business & EconomyOhio's new capital budget sets aside up to $2 billion in cash incentives for Intel’s megaproject in Licking County. Some policy advocates and government officials think it falls short of promising jobs to Ohioans and protecting the state if the project fails.
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Business & EconomyIntel and the National Science Foundation are contributing a combined $150 million to create training programs to support semi-conductor chip manufacturing in Ohio and around the country. Higher education institutions in Ohio will receive $50 million to create training programs.