NEW ALBANY, Ohio — When Intel announced its intent to develop a $28 billion semiconductor plant in rural central Ohio, elected officials from both parties lauded a project touted as the largest single private-sector investment in state history.
The project was in many ways a poster child for the bipartisan 2022 law known as the CHIPS and Science Act, which supports U.S.-based U.S.-based investments from semiconductor companies in hopes of ensuring that the United States remains competitive in chip research and manufacturing. Intel is set to receive nearly $8 billion in federal funding for the Ohio project and its other efforts.
Then Donald Trump won the presidency again. During his joint address to Congress this month, Trump attacked the chips law, telling lawmakers he wants to see it rolled back.
