Intel begins work on a $20 billion semiconductor plant

Intel has begun work on a new $20 billion semiconductor plant in Ohio, where President Joe Biden joined chipmaker and Ohio Governor Mike DeWine to celebrate the groundbreaking of the “silicon heart” of the world’s most advanced chipmaking facilities.

The chip factory is part of Intel’s plans to invest $100 billion in Ohio over the next 10 years. “Today marks a pivotal moment in the journey to build a more geographically balanced and resilient semiconductor supply chain,” said Pat Gelsinger, Intel CEO.

“Creating the silicon core is a testament to the strength of government incentives to unlock private investment, create thousands of high-paying jobs, and benefit the economic and national security of the United States,” he said in a statement. Ohio to develop education and workforce programs focused on semiconductors.

The semiconductor manufacturing site will create 7,000 construction jobs and 3,000 long-term manufacturing and engineering jobs, and the $20 billion semiconductor plant is one of the first domestic chip manufacturing facilities after the recently passed CHIPS and Science Act.

Intel had earlier postponed the groundbreaking ceremony for the plant because its plans relied largely on “funding from CHIPS.” Biden signed the $280 billion Technology and Science Act last month, calling it “a once-in-a-generation investment in America.” itself”.

Scroll to Top