President Biden is expected to sign a bill that will weaken federal environmental reviews for certain semiconductor manufacturing projects that receive subsidies through the 2022 CHIPS and Science Act, The New York Times’ Madeleine Ngo reports. The legislation will exempt qualifying chip projects from reviews under NEPA, the National Environmental Policy Act, which requires federal agencies to assess the potential environmental effects of proposed major federal actions before they can proceed. Supporters say the legislation will help to expedite the construction of chip manufacturing facilities, though Democrats who oppose the bill say it will allow companies to sidestep an crucial step aimed at reducing potential harms to the environment and workers. Publicly traded companies in the space include Advanced Micro Devices (AMD), Intel (INTC), Qualcomm (QCOM), NVIDIA (NVDA), Marvel (MRVL), Texas Instruments (TXN), Micron (MU), Microchip (MCHP).
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