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Which will be the largest semiconductor company to announce a new project in the US following the Building Chips in America Act by December 31, 2024?
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US House of Representatives•Biden•National Environmental Policy Act•NEPA•Ted Cruz•Mark Kelly•Colin Allred•CHIPS Act•United States•Texas
Resolution / Starting Odds
Intel • 25%
TSMC • 25%
Samsung • 25%
Other • 25%
Official company announcements, major news outlets
Story
US House Passes Building Chips in America Act to Exempt Semiconductor Projects from Federal Permits
Sep 23, 2024, 11:14 PM
The US House of Representatives has passed the Building Chips in America Act, a significant piece of legislation aimed at exempting certain semiconductor manufacturing projects from federal environmental review requirements. This bill, which is now headed to President Biden's desk for his signature, seeks to streamline the permitting process for semiconductor projects by narrowing the number of projects subject to the National Environmental Policy Act (NEPA) and limiting the timeline for court challenges. The bill, supported by bipartisan lawmakers including Sen. Ted Cruz, Sen. Mark Kelly, and Rep. Colin Allred, is seen as a major step in advancing the CHIPS Act's goals of boosting domestic chip manufacturing and enhancing national economic and security objectives. Industry leaders have hailed the passage of this bill as a crucial move to expedite the construction of advanced semiconductor manufacturing plants in the United States, particularly in Texas.
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