Intel’s $20 Billion Ohio Chip Hub Will Be World’s Largest
By Ian King
(Bloomberg) -- Intel Corp. plans to spend $20 billion on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest semiconductor-manufacturing site.
The chipmaker will begin construction of two fabrication plants on a 1,000-acre site in the town of New Albany, which it expects to be operational by 2025, Intel said Friday. The plan will rely on the most advanced technologies and result in an increased American share of the global chip supply chain, the company said.
The project will be the largest single private-sector company investment ever in Ohio, according to the governor, and will generate more than 20,000 jobs in the state, including 3,000 direct Intel positions earning an average of $135,000 a year, plus benefits.
Intel is committing to building in Ohio using its own funds and hoping that the U.S. federal government will deliver on planned resources aimed at supporting an expansion of semiconductor manufacturing, Gelsinger said in an interview. Congress is currently considering funding of the CHIPs Act, a proposal to offer about $50 billion in incentives to companies willing to locate chip production in the U.S.
posted by LandBlueBook, Inc @ 2:24 PM
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