“America is back” and will lead the way in manufacturing semiconductor chips for defense technologies and a wide range of critical goods from cars to cell phones, President Joe Biden declared Friday at a groundbreaking for the new Intel Corp. semiconductor complex in Ohio.
The president is taking partial credit for helping to push bipartisan legislation through Congress to incentivize domestic semiconductor manufacturing and spur science and technology research and development.
Congress cleared the “chips and science” bill in July and Biden signed it Aug. 9. The law provides $53 billion for semiconductor manufacturing and design grants and $24 billion to create a 25 percent tax credit for new semiconductor manufacturing facilities, both of which will help Intel fund construction of its complex in Licking County, just outside of Columbus.
