10 Dec 2021 -

Intel CEO: CHIPS Act is best way to fix U.S. shortage

Pat Gelsinger, CEO of Intel, has taken to CNN’s website to express his views on how to fix the shortages.

“Congress must fund the CHIPS for America Act, which will invest $52 billion in domestic semiconductor capacity and capability. The bill would provide billions in funding for manufacturing and R&D grants, invest heavily in advanced manufacturing and semiconductor research, establish public-private partnerships focused on the development of advanced microelectronics, and secure supply chains,” writes Gelsinger.

“By design, the CHIPS for America Act incentivizes semiconductor companies to make major investments in the US economy and jobs. Combined public and private sector investment would substantially expand US chip production and open the door to thousands of jobs in construction, manufacturing and R&D.” 

Read more here

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