Chipmakers worry about red tape as they build new US plants. Mark Kelly wants to help.

Challenges are starting to pile up for chipmakers as they face slowing consumer demand and labor shortages. Sen. Mark Kelly (D-AZ) is pressing Washington for action on another concern he predicts could hamper the industry in the near future: government red tape. The worry is that top manufacturers from Intel (INTC) to Micron (MU) are about to run headlong into America's oft-criticized environmental review process as they embark on ambitious US plans in the years ahead. It could present a headwind both for the industry as well as for the Biden administration's efforts to compete with China in the crucial…