➀ The US Chips and Science Act's main goal, to restore the US as a manufacturer of leading-edge logic ICs, is in jeopardy due to a disconnect between US bureaucracy and Intel. ➁ Intel, the only US company with a plan to produce these ICs, has not received any of the $19.5 billion in grants and loans promised under the Act. ➂ The delay in funding is due to officials waiting for Intel to show progress in building infrastructure, while Intel is unable to invest in new fabs due to the chip demand slump.
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