on Friday plans to build two chip plants in Licking County, Ohio, in a $20 billion investment to provide the critical component used in electronics, tools and vehicles.
Intel says it'll hire 3,000 workers at the 1,000-acre site in Ohio and could eventually invest $100 billion there, "making it one of the largest semiconductor manufacturing sites in the world."Chipmakers, spurred on by the Biden administration and a bipartisan push on Capitol Hill, have announced nearly $80 billion in investments in U.S. manufacturing since the start of 2021, according to the White House.in Arizona, and an up-to-$30 billion Texas Instruments plant in Texas.
"Longer term this will provide additional, domestic fab capacity for leading edge devices that will be used in self-driving cars and other advanced automotive applications,” IHS Markit auto analyst Phil Amsrud tells Axios.Chip plants take years to build. Intel's Ohio site won't come online until 2025. That means there won’t be any immediate impact from recent announcements.
Uh maybe Americans don't need to buy a new cell phone every damned 18 months!!!!
🤦🏽♀️Ohhhhhhh God. It must be dinner time🤦🏽♀️🤣🤣🤣. When I read the first part of this sentence, panicked. Until I looked at the picture, I thought there was a PotatoChipShortage😨. I was like … Nooooooooooooo
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Intel Announces Plan to Build Ohio Chip-Making Facility Amid Global ShortageIntel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games
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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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