Intel to invest $20bn in two new chip factories in Licking County, Ohio
Intel said that it will make an initial investment of over $20 billion to build two new chip factories in Licking County, Ohio with an aim to help ramp up production to cope with the rising demand for advanced semiconductors.
The two semiconductor factories in Ohio are also expected to power a new generation of Intel’s innovative products and cater to the requirements of foundry customers as part of its IDM 2.0 strategy.
For supporting the development of the new site, Intel has committed an additional $100 million towards partnerships with educational institutions to develop a pipeline of talent and strengthen research programs in the region.
Ohio Governor Mike DeWine, commenting on the new chip factories in Licking County, said: “Intel’s new facilities will be transformative for our state, creating thousands of good-paying jobs in Ohio manufacturing strategically vital semiconductors, often called ‘chips.’ Advanced manufacturing, research and development, and talent are part of Ohio’s DNA, and we are proud that chips – which power the future – will be made in Ohio, by Ohioans.”
Intel to invest $20bn in two new chip factories in Licking County, Ohio. Image courtesy of Intel Corporation.
Intel said that planning for the first two chip factories will begin immediately. Construction is likely to start late in 2022 with production expected to begin in 2025.
The two semiconductor fabs in Licking County are expected to manufacture chips using the most advanced transistor technologies in the industry.
Commenting on the new chip factories in Licking County, Pat Gelsinger — CEO of Intel said that the “investment marks another significant way Intel is leading the effort to restore U.S. semiconductor manufacturing leadership.
“Intel’s actions will help build a more resilient supply chain and ensure reliable access to advanced semiconductors for years to come. Intel is bringing leading capability and capacity back to the United States to strengthen the global semiconductor industry.
“These factories will create a new epicenter for advanced chipmaking in the U.S. that will bolster Intel’s domestic lab-to-fab pipeline and strengthen Ohio’s leadership in research and high tech.”