American and Asian chipmakers are warning that they will have to delay or scale back investment in the U.S. due to Washington’s continued failure to fund the $52 billion CHIPS Act aimed at boosting the domestic semiconductor industry.
Intel has blamed the act’s delay for its decision to indefinitely postpone breaking ground on a $20 billion chip fabrication facility, or fab, in Ohio. The U.S. chip giant originally scheduled a ground-breaking ceremony on July 22.
