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Intel to invest up to $100 billion in Ohio chip plants

2022-01-21 17:24 by
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Intel plans to build a massive semiconductor facility in Ohio - one that company CEO Pat Gelsinger is expecting to become "the largest silicon manufacturing location on the planet."

Construction will begin later this year on a pair of factories in the Columbus area, and is scheduled to be complete in 2025. The project will cost $20 billion and employ 3,000 workers, and will support jobs for an additional 17,000 people in fields like construction, engineering, entertainment and restaurants according to state officials.

While the company considered hundreds of variables, a few key factors helped influence the decision. First, Intel needed a location with the resources to support facilities of this size. The company required somewhere with ample land, water, and power. Second, it needed a metro area that could help supply enough technicians and engineers to run the fabs. And lastly, Intel was looking for state and local governments that would be eager to welcome the sites.

"Today's investment marks another significant way Intel is leading the effort to restore U.S. semiconductor manufacturing leadership," Intel CEO Pat Gelsinger said. "Intel's actions will help build a more resilient supply chain and ensure reliable access to advanced semiconductors for years to come. Intel is bringing leading capability and capacity back to the United States to strengthen the global semiconductor industry. These factories will create a new epicenter for advanced chipmaking in the U.S. that will bolster Intel's domestic lab-to-fab pipeline and strengthen Ohio's leadership in research and high tech."

Read more -here-


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