Biden bill exempts some semi factories from environmental reviews, Reuters says

President Joe Biden has signed legislation exempting some U.S. semiconductor manufacturing facilities that are receiving government subsidies from federal environmental reviews, Reuters’ David Shepardson reports. The White House said it will “continue to uphold our commitment to ensuring that semiconductor projects are built and operated in a way that meets clean water, clean air, endangered species, and other federal requirements and minimizes risks and impacts to workers, public health, and the environment.” 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).