Intel builds $ 20 billion ohio chip factory: “largest on the planet”

Intel said it has spent at least $ 20 billion to build two computer chip factories in Ohio and expects it to become “the largest silicon manufacturing site on the planet.”

The plans for the two factories, which are expected to occupy 3,000 employees and 1,000 acres of land, begin with US high-tech companies scrambling to significantly reduce their reliance on overseas manufacturing. Serious shortage of semiconductors..

According to Intel, the two facilities will be built in New Albany, home to 11,000 residents, just outside the state capital of Columbus, and will benefit about 7,000 construction jobs for local businesses in Franklin and Licking County. Is expected to produce.

“Today’s investment is another important way Intel is leading efforts to restore US semiconductor manufacturing leadership,” he said. Intel CEO Pat Gelsinger..

Intel is also committed to investing approximately $ 100 million over the next decade to partner with Ohio universities to develop a curriculum focused on semiconductors.

The $ 20 billion commitment is the largest private sector investment in Ohio’s history.

Once the center of the manufacturing industry, the Midwestern United States is home to Sunbelt or Moved business overseas..

Foreign governments have provided US companies with incentives to build factories in locations such as Taiwan, South Korea and Singapore. As a result, the share of chips manufactured in the United States has dropped from 37% in 1990 to just 12% today.

“Intel’s actions will help build a more resilient supply chain and ensure reliable access to advanced semiconductors over the next few years. Intel will help strengthen the global semiconductor industry. We are bringing state-of-the-art features and capabilities back to the United States, “Gelsinger said in a statement.

“These factories will create a new epicenter for advanced chip manufacturing in the United States, strengthening Intel’s domestic lab-to-fab pipeline and strengthening Ohio’s leadership in research and high-tech.”

Gelsinger is expected to appear at the White House with President Joe Biden to promote the company’s investment in Ohio.

Intel also wants Biden to finally sign the law CHIPS for America Act passed by the Senate last year.. A bill that must be voted in the House of Representatives will see the federal government invest about $ 52 billion in domestic chip manufacturing.

“Today’s announcement is monumental news for Ohio,” said Ohio Governor Mike Dewein.

“Advanced manufacturing, R & D and talent are part of Ohio’s DNA, and we are proud that the chips that will support the future are manufactured by Ohio in Ohio.”