Intel, semiconductor industry celebrate as Biden signs CHIPS Act into law

President Joe Biden signed the CHIPS and Science Act on Tuesday, cementing historic investment into domestic semiconductor manufacturing. The legislation is backed by industry including Intel Corp., which employs just over 1,900 people at its Rio Rancho campus. “We are thrilled to see funding for the CHIPS Act enacted into law. Intel is committed to restoring end-to-end leadership, innovation and manufacturing here in the U.S.,” said Intel CEO Pat Gelsinger in a written statement. Gelsinger…