Intel invests more than $20 billion in two manufacturing plants in Ohio: official

Intel has confirmed that will invest more than $20 billion in Ohio build two new Fab for the production of chips with advanced manufacturing processes. The rumors circulated last week and are finally confirmed, pending news of expansion plans in Europe.

The new factories will be based in Lickingm County, just outside of Columbus, on an area of ​​1000 acres and represent the largest private investment in the state’s history. Construction is expected to begin in late 2022 while the first chips will come off the production lines at the end of 2025.

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It is estimated that the initial phase of the project will create 3,000 Intel jobs and 7,000 construction jobs, while generating tens of thousands of other long-term jobs in the ecosystem of local suppliers and industrial partners. The manufacturing center, called a “mega-site”, has the potential to are home to a total of 8 production plants and is expected to accommodate investments of up to $100 billion over a decade.

“The investment,” according to Intel, “will help a increase production to meet growing demand for advanced semiconductorspowering a new generation of innovative products from Intel and meeting the customer needs as part of the IDM 2.0 strategy“, as well as orders from various US government agencies.

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To support the new facilities, Intel has agreed to commit an additional $100 million to partner with local universities and colleges to train future “talent” and bolster research programs.

“Today’s announcement monumental news for the state of ohio“, said Ohio Governor Mike DeWine. “Intel’s new factories will be transformative for our state and […] they will create thousands of well-paying jobs. Cutting-edge manufacturing, R&D and talent are in Ohio’s DNA, and we’re proud that the chips that power the future are made in Ohio, by Ohioans.”

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“Today’s investment scores another milestone in which Intel is leading efforts to restore leadership in U.S. semiconductor manufacturing“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 advanced manufacturing skills and capabilities back to the United States to strengthen the global semiconductor industry. These factories will create a new epicenter for advanced chip manufacturing in the United States that will strengthen Intel’s and Ohio’s leadership in research and high technology. »