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Intel CEO Pat Gelsinger

CHIPS Act: Feeding Frenzy Begins

By George Leopold

Pat Gelsinger certainly scored a choice seat at President Joe Biden’s first State of the Union Address. The Intel Corp. CEO was seated a row in front of First Lady Jill Biden, giving Gelsinger some “run” during a nationally-televised event.

Intel and its rivals are dispatching legions of lobbyists to DC, all circling a $52-billion honey pot authorized by Congress for semiconductor R&D. Makers of chips and laws are anxiously awaiting congressional action to fully fund the CHIPS for America Act.

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