Intel to Invest at Least $20 Billion in Ohio Chip-Making Facility

In a push to increase chip-making capacity, Intel plans to invest $20 billion in a new facility near Columbus, Ohio, creating around 3,000 permanent jobs #WSJWhatsNow

Wsjwhatsnow, Computers/Consumer Electronics

1/23/2022 4:30:00 PM

In a push to increase chip-making capacity, Intel plans to invest $20 billion in a new facility near Columbus, Ohio, creating around 3,000 permanent jobs WSJWhatsNow

Intel plans to invest at least $20 billion in new chip-making capacity in Ohio, bolstering its semiconductor-production ambitions as greater demand for digital products and a global chip shortage have amplified the need for more manufacturing.

Updated Jan. 21, 2022 5:07 pm ETIntel Corp. said it plans to invest at least $20 billion in new chip-making capacity in Ohio, bolstering the company’s semiconductor-production ambitions as greater demand for digital products anda global chip shortagehave amplified the need for more manufacturing.

Intel said Friday it would invest in two new chip factories just outside Columbus, Ohio, to add to Intel’s effort to expand its chip-making business. The company has made more than $100 billion in investment pledges over the past year. Intel Chief Executive Pat Gelsinger said the site could eventually grow to accommodate eight chip factories, also known as FABs, with spending potentially reaching around $100 billion over the next decade.

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Intel investing $20 billion to bring chip manufacturing to Ohio amid global shortageGood for them, it should have been done years ago.

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meghan.bobrowsky@wsj.com Updated Jan. 21, 2022 5:07 pm ET Intel Corp. said it plans to invest at least $20 billion in new chip-making capacity in Ohio, bolstering the company’s semiconductor-production ambitions as greater demand for digital products and a global chip shortage have amplified the need for more manufacturing. Intel said Friday it would invest in two new chip factories just outside Columbus, Ohio, to add to Intel’s effort to expand its chip-making business. The company has made more than $100 billion in investment pledges over the past year. Intel Chief Executive Pat Gelsinger said the site could eventually grow to accommodate eight chip factories, also known as FABs, with spending potentially reaching around $100 billion over the next decade. To Read the Full Story