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The U.S. Senate approved a bill exempting semiconductor projects from federal environmental permitting to speed up the development of the chip industry, Bloomberg reported.
The measure is now with the House. The provision was passed by unanimous consent and would allow federally-funded chip facilities to bypass environmental reviews that can take years, according to Commerce Secretary Gina Raimondo.
Environmental groups opposed the measure, citing the increasing environmental impact of the industry, in which carbon emissions are set to double by 2030.
Samsung Electronics (OTCPK:SSNLF) and Texas Instruments (TXN) are building billion-dollar projects in Texas. If they receive CHIPs Act awards, those sites could be among those forced to pause construction as they undergo review under the National Environmental Policy Act.
Other companies that could potentially be impacted include Nvidia (NVDA), Wolfspeed (WOLF), Qualcomm (NASDAQ:QCOM), Intel (INTC), NXP Semiconductors (NXPI) and AMD (AMD).
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