Congress Urged to Pass $52 Billion in Semiconductor Funding

June 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Intel Corporation (NASDAQ:INTC) (Santa Clara, California) and other developers of big semiconductor plants in the U.S. are urging Congress to quickly greenlight $52 billion in funding to support those projects. Future expansions of Intel's massive semiconductor plant in New Albany, Ohio, is contingent on federal support funding, says the chipmaker.

Industrial Info is tracking 80 projects, worth more than $120 billion, that are tied to the production of semiconductors and related devices in the U.S. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of detailed project reports.