Intel is spending $ 20 billion to build a massive chip plant in Ohio

Intel has unveiled its plans to build a massive semiconductor plant in Ohio Time – the one that CEO Pat Gelsinger expects to become “the largest silicon production site on the planet”. The company is allocating $ 20 billion to build a 1,000-acre site in New Albany, located on the outskirts of Columbus, Ohio. Intel’s initial plans include building two semiconductor production plants (or factories) on the estate that would employ 3,000 people. Construction on the construction site is scheduled to begin this year, and Intel expects the factories to be operational by 2025.

AND Bloomberg a report in late 2021 claimed that the White Housestrongly discouraged“Intel since the increase in chip production in China. The administration has sought to have companies produce chips in the US to respond to the current global shortage. In return, companies are lobbying the president to fund semiconductor research and production. It is worth noting, however, that since construction new factories take years, such projects will soon not be able to help address supply chain deficiencies.

Intel said it reviewed 38 different locations in the U.S. for the plant, but eventually chose Ohio, because of its space it could use. The company doesn’t want to build in places where it could relocate residents, because that’s what it ultimately is killed Amazon plans to build a second headquarters in NYC. When the fabs are ready, Intel will use them to produce its own chips and chips for customers as part of Intel Foundry Services. The company announced its foundry services when discovered to build two factories in Arizona, which will also cost Intel $ 20 billion, back in March 2021.

According to Gelsinger, the chip maker has the opportunity to expand its location in Ohio to 2,000 hectares and build as many as eight factories in the future. “We helped establish Silicon Valley,” the CEO said Time. “We’re going to do Silicon Heartland now.”