Chip Makers Turn Cutthroat in Fight for Share of Federal Money
Semiconductor companies are waging a lobbying frenzy to get more cash than their competition. These companies teamed up to pass the CHIPS Act, and now they want their share of the pie.
The New York Times received the message accusing Intel, Silicon Valley's chip giant, of trying to get subsidies under the CHIPS and Science Acts for new factories in Arizona and Ohio that would be empty. In a recent earnings call, Intel stated that it would expand its manufacturing facilities with the high-end machinery required to produce semiconductors as demand increases.