Pelosi says House will soon introduce competitiveness bill to boost chip investment

FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) speaks during her weekly news conference on Capitol Hill in Washington, U.S. January 20, 2022. Eric Lee/Pool via REUTERS

WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi said on Friday the House of Representatives would soon introduce a bill on competitiveness to help bolster semiconductor investment and supply chains.

The announcement came just hours after Intel Corp said it would invest more than $20 billion in two new chip-making plants in Ohio in a massive manufacturing project that could benefit from federal funding in the years ahead.