The federal aid package for semiconductor manufactures came with a plot twist

Intel and chip manufacturers need to comply with a few surprising provisions if they want to partake in the $52.7 in federal assistance. Key point: “The Silicon Valley-based company that has committed to spending $20 billion to build two factories, called fabs, in Licking County will need to arrange child care for its workers, may have to share a piece of its profit from the plants with the federal government, and can’t use the money for stock buybacks or dividends.” Intel’s federal help ask for $20 billion New Albany build has strings (dispatch.com)

Scroll to Top