Intel Is Building $20 Billion Factory In Ohio, USA
January 21, 2022Intel has announced plans for an initial investment of more than $20 billion in the construction of two chip factories in Ohio. It will be the company’s first new site location in 40 years. Spanning nearly 1,000 acres in Licking Country, the site will accommodate a total of eight chip factories, also known as fabs.
It will support Intel’s own operations as well as play a supporting role to its ecosystem of partners. An additional $100 million will added towards partnerships with educational institutions to build talent pool for research programs in the region. But the company says that total investment in the site could grow to as much as $100 billion over the next decade.
“Today’s investment marks another significant way Intel is leading the effort to restore U.S. semiconductor manufacturing leadership,” said Pat Gelsinger, CEO of Intel. “Intel’s actions will help build a more resilient supply chain and ensure reliable access to advanced semiconductors for years to come.”
This project is expected to create 3,000 jobs at Intel and 7,000 construction jobs over the course of the build. Planning for the first two factories will start immediately and construction should begin in late 2022. The site is expected to become operational by 2025 and is poised to become one of the largest semiconductor manufacturing locations in the world.
