President Donald Trump said lawmakers should get rid of the 2022 CHIPS Act that paved the way for Intel to announce the building of two Ohio plants.
In President Donald Trump’s speech to a joint session of Congress Tuesday evening, he commented on the CHIPS Act, calling it a “horrible, horrible thing.” The comments come amid Intel’s plans to add two computer chip manufacturing facilities in Licking County.
Intel Corp. investors appear to now be discounting recent speculation that the chip giant could be split in two as part of any sort of big merger deal. After Broadcom Inc. Chief Executive Hock Tan told analysts late Thursday on the company’s earnings call that he was “too busy” to pursue any mergers and acquisitions,
Ohio representatives and stakeholders are responding to President Donald Trump’s call to end the CHIPS Act, which brought in billions for Ohio’s Intel plant. In an address Tuesday to Congress, Trump called the CHIPS Act a “horrible,
President Donald Trump's threat to scrap the CHIPS Act while luring semiconductor investment in the U.S. through tariffs hurts Intel and American competitiveness, according to the Financial Times.
Thanks to the bipartisan CHIPS Act, tech giant Intel chose to invest billions in Ohio to develop a massive semiconductor manufacturing plant.