Biden Signs Law To Exempt Certain US Chipmaking Facilities From Federal Environmental Reviews Under CHIPS Act
Portfolio Pulse from Benzinga Neuro
President Biden signed a law exempting certain U.S. chipmaking facilities from federal environmental reviews under the CHIPS Act, aiming to prevent delays in semiconductor projects. This impacts companies like Intel, Micron, and Samsung, which are receiving substantial government subsidies.
October 03, 2024 | 8:13 am
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NEUTRAL IMPACT
Microsoft is not directly impacted by the new law but is part of the tech industry that relies on semiconductors, which could see benefits from increased chip production.
Microsoft relies on semiconductors for its products and services. While not directly affected, increased chip production could benefit the tech industry as a whole.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Nvidia, while not directly mentioned as a recipient, is part of the semiconductor industry that could see indirect benefits from the expedited chip production in the U.S.
Nvidia is part of the broader semiconductor industry, which could benefit from increased domestic production, though it is not directly mentioned as a recipient of CHIPS Act funds.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 40
POSITIVE IMPACT
Intel stands to benefit from the new law exempting certain chipmaking facilities from federal environmental reviews, potentially accelerating its projects under the CHIPS Act.
Intel is directly mentioned as a recipient of substantial grants under the CHIPS Act. The exemption from federal reviews could speed up its projects, positively impacting its stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Micron Technology is likely to benefit from the exemption of federal environmental reviews, which could expedite its chip production projects funded by the CHIPS Act.
Micron is a key beneficiary of the CHIPS Act funding. The new law could reduce delays, enhancing its production capabilities and potentially boosting its stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80