GlobalFoundries CEO: New York chip factory likely delayed if U.S. subsidy bill fails

A planned semiconductor factory in upstate New York will likely be delayed if a bill to bolster the U.S. computer chip industry fails to pass in the coming weeks, the chief executive of GlobalFoundries Inc told Reuters on Tuesday.

The U.S. Senate is due to vote later on Tuesday on a slimmed-down version of legislation to provide $52 billion in subsidies and tax credits for the industry more than a year after passing its first version of a bill.