Washington, Jan. 22 (BUS) – Chip maker Intel said Friday it will invest $20 billion to build a new plant in Ohio, in an effort to help alleviate a global shortage of chips that power everything from phones to cars to home appliances. to the giant. The company’s commitment to manufacturing critical technology products in the United States
The move could also create a new technology hub in Central Ohio as related companies that support chip manufacturing open new facilities and bring expertise to the area, the AP reports.
Intel said two planned factories, or fabs, will support its line of processors, as well as a new “foundry” business, which will make chips designed by other companies.
Existing chip foundries produce a large number of specially designed chips, mostly in Asia. Taiwan Semiconductor Manufacturing Co. dominates. , or TSMC, is currently in operation.
Intel CEO Patrick Gelsinger said during an event at the White House that the future production site aims to meet multiple needs.
He said that the chips being manufactured there would not only reduce supply chain stress, but would also enhance the national security of the United States while bringing more technical jobs to the region.
The two plants, located on a 1,000-acre site in Lekinge County, just east of Columbus, are expected to create 3,000 company jobs—many of them highly skilled—and 7,000 construction jobs.
The facility will support tens of thousands of additional jobs for suppliers and partners, according to Intel and local and state officials said Friday.
“The semiconductor plant is not like other factories,” said Gelsinger, a former Intel CEO who returned to the company as CEO in 2021.
“It’s more like a small city that supports a vibrant community of services, suppliers, and helper companies. You can think of this as a magnet for the entire tech industry.”
President Joe Biden used Intel’s Ohio announcement to push a $52 billion bill awaiting House approval that will invest in the chip sector and help ensure more production takes place in the United States.
We’re going to invest in America,” Biden said at the White House.
We are investing in American workers. We’ll stamp everything we can, “Made in America,” especially these computer chips. “
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