Intel (INTC) blames Congress for potential Ohio chip factory delay
Intel has plans to expand its business in Ohio with a new factory, but claims it may be slowed down by delayed funding from Congress' CHIPS Act.
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Intel has plans to expand its business in Ohio with a new factory, but claims it may be slowed down by delayed funding from Congress' CHIPS Act.
Supply constraints led to Apple missing both iPhone and overall revenue expectations in Q4 2021.
Unprecedented demand is likely to keep global chip supply scarce for the immediate future.
The cost of these two plants is expected to reach $20 billion and will help address the current chip shortage plaguing the tech industry.
With global semiconductor manufacturing at capacity and demand at an all-time high, chip shortages are putting the squeeze on businesses around the world.