US bid to revive chip manufacturing collides with Wall Street’s demands

5 min read . Updated: 14 Sep 2022, 07:24 PM IST GREG IP, The Wall Street Journal

Intel is among companies facing both political push for more factories in U.S. and investor resistance to capital spending—conflict Chinese competitors don’t face

Intel Corp.’s Patrick Gelsinger might be Washington’s favorite chief executive right now. At the groundbreaking for a $20 billion-plus semiconductor-fabrication plant near Columbus, Ohio, on Friday, he was joined by legislators from both parties, Ohio Gov. Mike DeWine, a Republican, and President Biden, a Democrat.

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