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Chip giants threaten to scale back U.S. expansion without subsidies

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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.

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