NEW ALBANY, Ohio (WCMH) – Senator J.D. Vance (R-Ohio) is set to become vice president during Donald Trump’s second term in January. Where does it stand in the CHIPS Act?

The CHIPS and Science Act will provide approximately $52 billion in incentives to US semiconductor chip manufacturers, including Intel. billions of promises in funds. Intel planned to use the funding in part to support construction of a new computer chip facility near New Albany, a highly anticipated project that is transforming Licking County and parts of central Ohio.

But Intel still hasn’t received the funding amid layoffs. restructuring and decreasing stock value. Delay it’s getting harder and harder Calls for action for Intel as Trump’s presidency approaches “too bad” and stated that he would impose tariffs to encourage American manufacturing rather than pursue the legislation. On November 1, Speaker Mike Johnson said: “We probably will” repeal expected action Add $2.8 billion Ohio’s annual gross state product, according to Governor Mike DeWine. Johnson later retracted the statement.

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Vance, 40 Trump’s running mate selected Two years into his first term as senator, this position DeWine currently considering alternatives. Vance, a former venture capitalist executive, had expressed support for Intel’s facility and the CHIPS bill before becoming Trump’s vice presidential pick. According to a statement from the Columbus District, Vance celebrated Biden’s announcement of billions of dollars in funding for Intel in March 2024.

“Today’s CHIPS announcement isn’t just great news for Intel. This is a well-deserved victory for Ohio and Ohio workers,” Vance said, according to the announcement. “Our state plays a central role in revitalizing critical industries developed in America but lost to offshore for decades.”

Amid the delays in July 2022, Vance told Axios that “the death of the CHIPS Act is a terrible indictment of our do-nothing leadership.” He accused Democrats of “emptying” the legislation and said the delayed legislation could cost thousands of jobs in Ohio.

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On the campaign trail, Vance responded to reporters’ CHIPS Act question and said Trump believes in bringing manufacturing back to America, noting that it “includes semiconductors” like those made by Intel. He did not specifically say whether he was for or against continuing the Act, accusing Vice President Kamala Harris and President Joe Biden of politicizing funding for manufacturers under the program.

Vance has said this before. In October 2023, Vance spoke about the CHIPS Act at a Senate Commerce Committee hearing, expressing concerns about the legislation’s mandated diversity hiring policies. The law includes more than a dozen sections aimed at supporting minority groups, including requirements that companies seeking CHIPS funding submit plans to combat discrimination and diversify hiring.

Amid questions about the law’s validity, businesses in Ohio and three other states have written to Biden, demanding that his administration make federal funding under the CHIPS Act available within the next 30 days. 11 of the 18 organizations behind the letter were Ohio organizations, including the Ohio Chamber of Commerce.

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