Business

Intel Announces Next US Site with Landmark Investment in Ohio

January 21st, 2022

LICKING COUNTY, Ohio, Jan. 21, 2022 – Intel today announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio. The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of the company’s IDM 2.0 strategy. To support the development of the new site, Intel pledged an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.

Read more at the Intel website…

Governor DeWine Announces Monumental Investment by Intel to Bring Their Most Advanced Semiconductor Manufacturing Plants to Ohio

January 21st, 2022

Licking County, Ohio — January 21, 2022 — Ohio Governor Mike DeWine and Lt. Governor Jon Husted joined JobsOhio, One Columbus, and several local, state, and federal leaders to announce that leading global semiconductor manufacturer Intel Corporation has chosen a site in central Ohio’s Licking County as the future home for its most advanced semiconductor manufacturing facilities in the world. Intel plans to invest more than $20 billion to build two state-of-the-art factories by 2025, designed for what the company calls the “Angstrom era” — with materials processed on the atomic level — and with support for Intel’s most advanced process technologies, resulting in an increased American share of the global semiconductor supply chain.

Read more at the JobsOhio website…

Intel Announces Plans to Invest More Than $20 Billion in New Albany International Business Park

January 21st, 2022

On January 21, Intel announced that it has selected the Licking County portion of the New Albany International Business Park as the location for a $20 billion+ chip manufacturing project. The company plans to build two state-of-the-art factories by 2025. Intel’s selection of our business park will create many opportunities for New Albany, our region and the entire state, including:

  • thousands of new manufacturing and construction jobs;
  • new infrastructure in and around New Albany to support the project; and
  • an even stronger emphasis on STEM education opportunities for our local schools, as well as 2-year and 4-year colleges and universities throughout the state of Ohio.

Read more at the City of New Albany website…

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

January 21st, 2022

By Meghan Bobrowsky
Updated Jan. 21, 2022 

Intel Corp. INTC 0.15% 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.

Read more at the Wall Street Journal website…

Six Major Business Organizations Issue Statement on Ohio Winning Largest Economic Development Project in State History

January 21st, 2022

COLUMBUS—Ohio’s six major business organizations today joined to issue a statement on Intel’s announcement to build a semi-conductor production facility in central Ohio. The Ohio Business Roundtable, Ohio Chamber of Commerce, NFIB Ohio, Ohio Manufacturers’ Association, Ohio Farm Bureau and the Ohio Council of Retail Merchants issued the following statement:

“Today’s announcement by Intel that it will build a new computer-chip factory in central Ohio is a monumental win for our state and our country. The COVID-19 pandemic and its supply-chain disruptions, together with aggressive foreign trade practices, showed many organizations the importance of moving manufacturing capacity back to the United States from overseas; perhaps none more important than the semiconductor industry. Domestic chip manufacturing is essential for our national security, and we are pleased Ohio is leading the way.

Read more at the Ohio Business Roundtable website… 

Winning the Super Bowl: Ohio reacts to $20 billion Intel development in New Albany

January 21st, 2022

Accolades poured in from across the state on Friday after it was confirmed that Jersey Township in Licking County will be home to a $20 billion Intel investment.

Sen. Rob Portman called the announcement a “great match” between Intel and Ohio.

“This historic investment is great news for Ohio and for our nation. Intel is a world-class company and Ohio is well situated to be the home of their new semiconductor manufacturing center,” he said in a statement.

Read more at The Columbus Dispatch…

President Joe Biden, Gov. DeWine tout Ohio Intel chip factory as manufacturing win

January 21st, 2022

Aubrey Wright and Mark Williams | The Columbus Dispatch

NEWARK — The celebration of Ohio’s biggest economic development project in history stretched from Washington, D.C., to Newark on Friday.

Local, state and federal leaders from President Joe Biden to Gov. Mike DeWine welcomed Intel’s $20 billion investment to build two semiconductor plants on land that will be annexed into New Albany from Jersey Township.

Read more at The Columbus Dispatch

Here’s how Ohio won a bid by Intel to build the world’s largest chip factory

January 21st, 2022

Mark Williams | The Columbus Dispatch

Gov. Mike DeWine was enjoying the kind of chaotic Christmas morning at the Governor’s Residence that most parents and grandparents experience. It was 10 a.m. and his children and grandchildren, many of whom had spent the night, were opening presents when DeWine’s counselor, Laurel Dawson, handed the governor a letter.

It was from Intel CEO Pat Gelsinger and Senior Vice President Keyvan Esfarjani, officially telling DeWine that the semiconductor company had picked Greater Columbus for what will be the biggest economic development project in state history.

Read more at The Columbus Dispatch…

Intel CEO Pat Gelsinger ‘thrilled to be launching the Silicon Heartland in Ohio’

January 21st, 2022

Mark Williams | The Columbus Dispatch

Intel’s promise to invest $20 billion to build two semiconductor plants in Licking County could be just the start for what the Silicon Valley giant has in mind for Greater Columbus, the company’s CEO told The Dispatch.

The plants, also called fabs, will employ 3,000 workers, and 7,000 construction workers will be needed to build them, Intel said in officially announcing its plans after months-long rumors of a massive economic development project on the horizon.

Read more at The Columbus Dispatch…

What we know about Intel factory coming to Columbus area

January 21st, 2022

Mark Williams and Monroe Trembly | The Columbus Dispatch

Intel has picked Greater Columbus for a new factory that figures to spark a new industry for the state.

The Silicon Valley semiconductor maker plans to invest $20 billion in a site in Licking County that will employ 3,000 workers, a source close to the project told The Dispatch.

How quickly such a development could occur depends in part on Congress, which is debating legislation that would provide incentives to bring chip-making back to the U.S.

Read more at The Columbus Dispatch…

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