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Chip manufacturers press for federal funding as bill flails in Congress

Chip manufacturers press for federal funding as bill flails in Congress

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Chip manufacturers press for federal funding as bill flails in Congress
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Chip manufacturers press for federal funding as bill flails in Congress
Chip manufacturers press for federal funding as bill flails in Congress
Chip manufacturers press for federal funding as bill flails in Congress
Chip manufacturers press for federal funding as bill flails in Congress
constructiondive constructiondive | 1 year ago
Dive Brief: Two semiconductor manufacturing heavyweights warned they may have to push back domestic expansion plans as the $52 billion CHIPS Act, a signature piece of pandemic-era legislation aimed at boosting domestic chip production, languishes in Congress.ย  Intel has postponed a groundbreaking that was slated to take place next month at its $20 billion Licking County, Ohio facility, said William Moss, a senior communications director for Intel. GlobalFoundriesย confirmed to Construction Di...
Dive Brief: Two semiconductor manufacturing heavyweights warned they may have to push back domestic expansion plans as the $52 billion CHIPS Act, a signature piece of pandemic-era legislation aimed at boosting domestic chip production, languishes in Congress.ย  Intel has postponed a groundbreaking that was slated to take place next month at its $20 billion Licking County, Ohio facility, said William Moss, a senior communications director for Intel. GlobalFoundriesย confirmed to Construction Di...
Federal funding uncertainty affects transportation planning, study finds
Federal funding uncertainty affects transportation planning, study finds
Federal funding uncertainty affects transportation planning, study finds
Federal funding uncertainty affects transportation planning, study finds
constructiondive constructiondive | 1 year ago
Uncertainty among government leaders about the distribution of federal funding โ€œhas not had a major impactโ€ on long-range transportation planning around the country, but the impact it does have is largely negative, according to a report issued last week by the National Cooperative Highway Research Program. States, metropolitan planning organizations and regional governments rely on federal money, but they don't know from year to year when the money will arrive, how much theyโ€™ll get or what...
Uncertainty among government leaders about the distribution of federal funding โ€œhas not had a major impactโ€ on long-range transportation planning around the country, but the impact it does have is largely negative, according to a report issued last week by the National Cooperative Highway Research Program. States, metropolitan planning organizations and regional governments rely on federal money, but they don't know from year to year when the money will arrive, how much theyโ€™ll get or what...
$16B Hudson River Tunnel Project Hits Milestone for Federal Funding Process
$16B Hudson River Tunnel Project Hits Milestone for Federal Funding Process
$16B Hudson River Tunnel Project Hits Milestone for Federal Funding Process
$16B Hudson River Tunnel Project Hits Milestone for Federal Funding Process
Engineering News-Record Engineering News-Rec... | 1 year ago
Plans for the $16.1-billion Hudson River rail tunnel project hit a key milestone Sept. 13 as the board of the Gateway Development Commission voted to take on the project sponsor role, enabling it to seek and receive billions of dollars in federal funding.The vote enables the commission to take over responsibility for the project from the Port Authority of New York and New Jersey. As project sponsor, the commission can apply for federal loans. Kris Kolluri, chief executive of the com...
Plans for the $16.1-billion Hudson River rail tunnel project hit a key milestone Sept. 13 as the board of the Gateway Development Commission voted to take on the project sponsor role, enabling it to seek and receive billions of dollars in federal funding.The vote enables the commission to take over responsibility for the project from the Port Authority of New York and New Jersey. As project sponsor, the commission can apply for federal loans. Kris Kolluri, chief executive of the com...
Builders, MBI press for modular standards
Builders, MBI press for modular standards
Builders, MBI press for modular standards
Builders, MBI press for modular standards
constructiondive constructiondive | 1 year ago
Offsite construction companies say an absence of national codes causes manufacturing, transportation hurdles.
Offsite construction companies say an absence of national codes causes manufacturing, transportation hurdles.
$16B Hudson River Tunnel Project Hits Federal Funding Milestone
$16B Hudson River Tunnel Project Hits Federal Funding Milestone
$16B Hudson River Tunnel Project Hits Federal Funding Milestone
$16B Hudson River Tunnel Project Hits Federal Funding Milestone
Engineering News-Record Engineering News-Rec... | 1 year ago
Plans for the $16.1-billion Hudson River rail tunnel project hit a key milestone Sept. 13 as the board of the Gateway Development Commission voted to take on the project sponsor role, enabling it to seek and receive billions of dollars in federal funding.The vote enables the commission to take over responsibility for the project from the Port Authority of New York and New Jersey. As project sponsor, the commission can apply for federal loans. Kris Kolluri, chief executive of the com...
Plans for the $16.1-billion Hudson River rail tunnel project hit a key milestone Sept. 13 as the board of the Gateway Development Commission voted to take on the project sponsor role, enabling it to seek and receive billions of dollars in federal funding.The vote enables the commission to take over responsibility for the project from the Port Authority of New York and New Jersey. As project sponsor, the commission can apply for federal loans. Kris Kolluri, chief executive of the com...
Mortgage Raised Poised for More Jumps as Federal Reserve Meets
Mortgage Raised Poised for More Jumps as Federal Reserve Meets
Mortgage Raised Poised for More Jumps as Federal Reserve Meets
Mortgage Raised Poised for More Jumps as Federal Reserve Meets
militaryvaloan militaryvaloan | 1 year ago
It was just a month ago that the Federal Reserve voted to raise the federal funds rate by half a point. Since then, mortgage rates have been volatile. In the weeks following the May 3-4 meeting, the average rate on 30-year fixed-rate loans has jumped from 5.10% to 5.30% and back down to 5.09% again. When you look at mortgage rates compared to the start of the year, itโ€™s clear the Fedโ€™s actions have been a major influencer. Back in January, the average 30-year mortgage rate was barely over 3%...
It was just a month ago that the Federal Reserve voted to raise the federal funds rate by half a point. Since then, mortgage rates have been volatile. In the weeks following the May 3-4 meeting, the average rate on 30-year fixed-rate loans has jumped from 5.10% to 5.30% and back down to 5.09% again. When you look at mortgage rates compared to the start of the year, itโ€™s clear the Fedโ€™s actions have been a major influencer. Back in January, the average 30-year mortgage rate was barely over 3%...
CHIPS Act passes House, secures $52B for semiconductor industry
CHIPS Act passes House, secures $52B for semiconductor industry
CHIPS Act passes House, secures $52B for semiconductor industry
CHIPS Act passes House, secures $52B for semiconductor industry
constructiondive constructiondive | 1 year ago
Following two years of congressional gridlock and two different bills, the House of Representatives on Thursday passed the CHIPS Act, which doles out $52 billion to semiconductor manufacturers looking to expand their presences in the U.S. The 243-187 vote was broadly across party lines, with Democrats voting to advance the bill and all but 24 Republicans voting to defeat the legislation. On Wednesday, the Senate passed the bill in a 64-32 vote. Massive manufacturing-related construction projects...
Following two years of congressional gridlock and two different bills, the House of Representatives on Thursday passed the CHIPS Act, which doles out $52 billion to semiconductor manufacturers looking to expand their presences in the U.S. The 243-187 vote was broadly across party lines, with Democrats voting to advance the bill and all but 24 Republicans voting to defeat the legislation. On Wednesday, the Senate passed the bill in a 64-32 vote. Massive manufacturing-related construction projects...
Federal, State Funding Set to Boost Construction of Wildlife Crossings
Federal, State Funding Set to Boost Construction of Wildlife Crossings
Federal, State Funding Set to Boost Construction of Wildlife Crossings
Federal, State Funding Set to Boost Construction of Wildlife Crossings
Engineering News-Record Engineering News-Rec... | 1 year ago
Roadways that cross wildlife habitats either create a barrier for animals or, if they try to cross them, a danger for both themselves and passing vehicles. Now, with $350 million in Infrastructure Investment and Jobs Act funding for their construction poised to roll out in 2023โ€”along with increased funding from statesโ€”wildlife crossings built both over and under roadways may soon grow in popularity.One recent example, found in Washington's Cascade Mountains, is a wildlife crossi...
Roadways that cross wildlife habitats either create a barrier for animals or, if they try to cross them, a danger for both themselves and passing vehicles. Now, with $350 million in Infrastructure Investment and Jobs Act funding for their construction poised to roll out in 2023โ€”along with increased funding from statesโ€”wildlife crossings built both over and under roadways may soon grow in popularity.One recent example, found in Washington's Cascade Mountains, is a wildlife crossi...
Federal, State Funding Set to Boost Construction of Wildlife Crossings
Federal, State Funding Set to Boost Construction of Wildlife Crossings
Federal, State Funding Set to Boost Construction of Wildlife Crossings
Federal, State Funding Set to Boost Construction of Wildlife Crossings
Engineering News-Record Engineering News-Rec... | 1 year ago
Roadways that cross wildlife habitats either create a barrier for animals or, if they try to cross them, a danger for both themselves and passing vehicles. Now, with $350 million in Infrastructure Investment and Jobs Act funding for their construction poised to roll out in 2023โ€”along with increased funding from statesโ€”wildlife crossings built both over and under roadways may soon grow in popularity.One recent example, found in Washington's Cascade Mountains, is a wildlife crossi...
Roadways that cross wildlife habitats either create a barrier for animals or, if they try to cross them, a danger for both themselves and passing vehicles. Now, with $350 million in Infrastructure Investment and Jobs Act funding for their construction poised to roll out in 2023โ€”along with increased funding from statesโ€”wildlife crossings built both over and under roadways may soon grow in popularity.One recent example, found in Washington's Cascade Mountains, is a wildlife crossi...
Senate Passes CHIPS Act With $39B for Semiconductor Plant Construction
Senate Passes CHIPS Act With $39B for Semiconductor Plant Construction
Senate Passes CHIPS Act With $39B for Semiconductor Plant Construction
Senate Passes CHIPS Act With $39B for Semiconductor Plant Construction
Engineering News-Record Engineering News-Rec... | 1 year ago
July 27, 2022 James Leggate KEYWORDS AGC / Chips Act / semiconductor manufacturing Order Reprints No Comments The Senate voted July 27 to send a bill to the House of Representatives that would provide $52 billion to boost semiconductor manufacturing as manufacturers warned a delay in the funding could slow their projects to build more pla...
July 27, 2022 James Leggate KEYWORDS AGC / Chips Act / semiconductor manufacturing Order Reprints No Comments The Senate voted July 27 to send a bill to the House of Representatives that would provide $52 billion to boost semiconductor manufacturing as manufacturers warned a delay in the funding could slow their projects to build more pla...