Reported about 6 hours ago
Intel CEO Pat Gelsinger expressed frustration over the slow disbursement of funds from the CHIPS Act as the Biden administration races to finalize $6.6 billion in deals, particularly with Taiwan's TSMC, before Donald Trump takes office. While significant funding has been allocated, bureaucratic hurdles have delayed commitments, leading to concerns about securing the necessary resources for U.S. semiconductor production amid global competition.
Source: YAHOO