A new epicenter for advanced chipmaking is coming to the Midwest courtesy of Intel.
As explained in a press release shared by the company this morning, Intel will be investing more than $20 billion toward the initial development of two new chip factories in Licking County, Ohio, to help meet the surging demand for advanced semiconductors. This is the largest single private-sector investment in Ohio history.
“Today’s announcement is monumental news for the state of Ohio,” said Ohio Gov. Mike DeWine. “Intel’s new facilities will be transformative for our state, creating thousands of good-paying jobs in Ohio manufacturing strategically vital semiconductors, often called ‘chips.’ Advanced manufacturing, research and development, and talent are part of Ohio’s DNA, and we are proud that chips – which power the future – will be made in Ohio, by Ohioans.”
“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. 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.”
The initial phase of the project is expected to create 3,000 Intel jobs and 7,000 construction jobs over the course of the build. Construction is slated to begin in late 2022, with production expected to come online in 2025 for chips built with what Intel says are the industry’s most advanced transistor technologies.