During the State of the Union address last week, President Donald Trump expressed disappointment with the federal CHIPS Act, which appropriated investment in domestic semiconductor fabrication. The President called on Congress to end the program and instead use dedicated spending on debt reduction rather than industrial policy.

U.S. Senator Jon Husted expressed continued support for the CHIPS Act. Like Husted, the OMA has supported the CHIPS Act, which was critical to Intel’s selection of central Ohio for its new fabrication, a site still under construction, albeit delayed.

Meanwhile, Intel this week named a permanent leadership team to guide the company forward. Reuters reports that the installation of Lip-Bu Tan as CEO signals the chipmaker was unlikely to split up its chip-design and manufacturing operations. Investors have rallied following the news, driving Intel’s market value up more than 10%. 3/13/2025