Intel to spend $20bn on chipmaking hub in the US

Intel plans to spend $20bn on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest silicon-manufacturing site.

Intel’s leader has been vocal about the need to build more chip factories in the US and Europe, areas where manufacturing of the vital electronic components has declined precipitously. CEO Pat Gelsinger has argued that a rebalancing of production is needed to reverse its increasing concentration in East Asia.

Intel plans to spend $20bn on on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest silicon-manufacturing site. Graphic: BLOOMBERG Putting some of Intel’s billions of dollars in capital expenditure to work in a new location for the company — it currently has plants in Oregon, Arizona and New Mexico — may help bolster Gelsinger’s appeal for taxpayer money. That in turn will help cushion some of the drag on profitability caused by his ambitious plans to restore Intel’s manufacturing prowess and muscle in on the business of outsourced chipmaking, an area dominated by Taiwan Semiconductor Manufacturing Co and Samsung. .

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