Biden SOTU to Urge Deal on Chips Funding, Hail Intel's US Fab Plans

President Joe Biden intended to press Congress during his State of the Union speech Tuesday night to send a compromise bill marrying elements of the House-passed America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength Act (HR-4521) and Senate-passed U.S. Innovation and Competition Act (S-1260) to his desk as soon as possible, a White House official said in a Monday conference call with reporters. The House passed HR-4521 last month, but there has been no formal compromise between that measure and S-1260 (see 2202250054). Both U.S. tech competitiveness measures include $52 billion in subsidies to encourage U.S.-based semiconductor manufacturing (see 2201260062) but differ in other areas. Biden was expected to tout Intel’s plan to build two new chip factories in Ohio, for $20 billion (see 2201210027), during the speech, an administration official said. Intel CEO Pat Gelsinger and Facebook whistleblower Frances Haugen were to be among First Lady Jill Biden’s guests at the speech, the White House said. Biden was also expected to tout the $65 billion in broadband money included in the Infrastructure Investment and Jobs Act as a way to provide internet access “to every family in America,” a White House official said.