Biden signs bill exempting some semiconductor factories from new environmental reviews by Reuters

(Reuters) – President Joe Biden signed legislation on Wednesday that will exempt some U.S. semiconductor manufacturing facilities from new federal environmental reviews that receive government subsidies, the White House said.

Without the new law, projects in the $52.7 billion semiconductor chip manufacturing and research program could have been forced to get new environmental reviews under a potentially years-long federal law that had already faced environmental regulations federal, state and local and permitting requirements.