Intel delays groundbreaking ceremony for Ohio plant amid uncertainty over chips legislation [MarketWatch]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: MarketWatch
WASHINGTON — Intel Corp. INTC, has told lawmakers and officials that it is delaying indefinitely the groundbreaking ceremony for a planned multibillion-dollar chip-manufacturing facility in Ohio, signaling frustration over uncertainty in Congress about legislation that would provide support for the U.S. chip industry. The ceremony had been tentatively scheduled for July 22. Intel informed the office of Ohio Gov. Mike DeWine and members of Ohio's congressional delegation on Wednesday that it was delaying the groundbreaking “due in part to uncertainty around” the chips-related legislation, known as the Bipartisan Innovation Act, according to an email reviewed by The Wall Street Journal. Intel still plans to build the facility and hasn't pushed back the start of construction, said Intel spokesman Will Moss. Intel, which announced the plant plans in January, said it intended to invest at least $20 billion in the Ohio facility, with construction expected to begin in late 2022 and prod
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