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Intel is giving Ohio a chinese burn

by on04 July 2022

Give us more money or we will go to Europe

Republican Ohio Gov. Mike DeWine took time from his busy schedule of forcing ten-year-old sexual abuse victims to have babies, to complain that Intel is stinging it for huge amounts of cash to build a chip factory.

DeWine moaned that Intel is threatening to delay a massive manufacturing facility in order to gain "leverage" with Congress.

Legislation to boost the U.S. semiconductor industry — including $52 billion in assistance — has stalled as the House and Senate wrestle over competing approaches.

Intel said it remains committed to Ohio, but the pace of its expansion depends on the legislation, known as the CHIPS Act, and Intel CEO Pat Gelsinger told CNBC this week more investment could shift to Europe.

Ohio Gov. Mike DeWine still has high hopes for Intel, even after the company announced that its plan for a massive semiconductor plant east of Columbus could see its scope scaled back or construction delayed.

"I truly believe that this is the Midwest's time. I believe it's Ohio's time," DeWine and given the rest of the laws he is enthusiastic for that time is the 17th century.

Intel cancelled a July 22 groundbreaking ceremony at the site while the company waits for Congress to pass the CHIPS Act, which includes $52 billion in assistance to the U.S. semiconductor industry to revitalize a key segment of the domestic supply chain.


Last modified on 04 July 2022
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