The House passed the CHIPS Act, paving the way for Intel to move into Ohio

Gov. Mike DeWine called the approval a step in the right direction for the country and the state as Intel committed $20 billion to build two semiconductor plants in Ohio.

WASHINGTON – The House of Representatives on Thursday passed a 280 billion dollar package To boost Semiconductor industry and scientific research in an effort to create high-tech jobs in the United States and help it better compete with international competitors, namely China.

The parliament approved this bill with 243 votes in favor against 187 positive votes and approved this plan. President Joe Biden be signed into law and provide a major domestic policy victory for the White House. About two dozen Republicans voted for this law.

Before the vote, Biden said: “My request is that we put politics aside. Do this. 21st century.”

Gov. Mike DeWine called the approval a step in the right direction for the country and the state as Intel committed $20 billion to build two semiconductor plants in Ohio.

This $52 billion investment in domestic semiconductor chip manufacturing on American soil will strengthen our national security, fuel economic growth and make Ohio a semiconductor powerhouse nationwide. “As Intel begins construction in Licking County to bring state-of-the-art semiconductor manufacturing facilities to our state, Ohio is on its way to becoming an essential player in the semiconductor industry,” Devine said in a statement.

Intel CEO Pat Gelsinger said the company is excited to begin construction in Licking County.

A Picking ceremony It was scheduled for July, but was postponed due to delays in passing the bill. An Intel spokesman said the company’s scope of expansion in Ohio is highly dependent on the passage of the CHIPS Act.

Some Republicans argued that the government should not spend billions of dollars Subsidy for the semiconductor industry And the House GOP leadership proposed a vote against the bill, telling members it would provide massive subsidies and tax credits “to a certain industry that doesn’t need additional government assistance.”

Rep. Guy Rechenthaler, a Republican, said the way to help the industry would be through tax cuts and easing federal regulations, “not picking winners and losers” with subsidies — an approach that Rep. Joseph Morrell, a Democrat, echoed. He said it is very narrow.

“It affects every industry in the United States,” Morrell said. “Take General Motors, for example, which has 95,000 cars waiting for the chip. So, you want to increase supply to people and help reduce inflation.” ?about increasing the supply of goods throughout the United States in any single industry.”

Some Republicans considered the passage of this law important for national security. Mike McCall, the top Republican on the House Foreign Relations Committee, said it was critical to protect semiconductor capacity in the United States, which he said is too dependent on Taiwan for the most advanced chips. It could be a major vulnerability if China tried to seize the self-governing island, which Beijing regards as a breakaway province.

“I have unique insight into this. I receive the classified briefing. This is critical to our national security,” McCall said.

The bill provides more than $52 billion in financial aid and other incentives for the semiconductor industry, as well as a 25 percent tax credit for those companies that invest in chip manufacturing plants in the United States. More than 10 years, according to the Congressional Budget Office.

A late development in the Senate — progress announced by Democrats on the $739 billion health and climate change package by Wednesday night — threatened to make it harder for supporters to pass the semiconductor bill, based on concerns about government spending.

Rep. Frank Lucas, state of Okla., said he was “disgusted” by the turn of events on Capitol Hill.

Despite bipartisan support for the research initiatives, “unfortunately, and more sadly than you can imagine, I’m not voting for chips and scientific practice today.”

Local news: recent coverage ⬇️

(Visited 3 times, 1 visits today)

Related posts

Leave a Comment