Intel and GlobalFoundries have both said that failure to pass the CHIPS Act would delay their expansion plans in the U.S., according to the Washington Post.
The largest barriers for the legislation, aside from reaching bipartisan compromise in Congress, are the two separate bills in the Senate and the House, which passed their respective chambers in June 2021 and February 2022.
Lawmakers still have to reconcile those versions. But the House’s bill is currently over 3,000 pages long and features trade proposals not in the Senate bill, according to Reuters.
Democrats in Congress are hopeful that a deal will happen soon, according to Reuters, but that doesn’t necessarily mean that semiconductor companies can bank on that optimism in the near future.
