spot_img

World’s Largest Chip Plant To Be Built In Ohio

Share post:

Intel Corp. is investing close to $100 billion to construct the world’s largest chip-making facility in Ohio, in an effort to boost domestic chip production amidst the ongoing chip shortage.

Chief Executive Officer Pat Gelsinger’s goals to cement Intel’s dominance in the chip sector and reduce America’s reliance on Asian manufacturing hubs, gave way to the planned construction of the Ohio mega facility. 

Gelsinger said that the facility will be built on a 1,000-acre site in New Albany and will create 3,000 jobs. This will be funded with an initial $20 billion investment making it the largest in Ohio. This could expand to $100 billion with eight total fabrication plants.  

However, Intel’s plans for new factories will not solve the current supply shortage, as these facilities take years to build. Gelsinger said he predicts the chip shortage to last well into 2023.

In an effort to ramp up domestic chip production and to compete with China, the Biden government intends to persuade Congress to approve $52 billion in funding subsidy. U.S. President Joe Biden highlighted Intel’s investment at a White House event last Friday with Gelsinger and again reiterated the need for Congress to act on the matter.

“China is doing everything it can to take over the global market so they can try to out compete the rest of us,” Biden said.

Intel began construction of two facilities in Arizona in September. The $20 billion plants will bring the total number of Intel factories at Chandler, Arizona to six.

In addition, Intel’s Ohio plant is expected to attract partners and suppliers such as Air Products, Applied Materials, LAM Research and Ultra Clean Technology. Intel said that these companies have all shown interest in establishing a presence in their future Ohio facility.

Construction of the first two factories is forecasted to start in 2022 and production is scheduled to begin by 2025.

For more information, read the original story in Reuters. 

spot_img

SUBSCRIBE NOW

Related articles

Zero trust advice: Start small, but get started

The year's first MapleSec Satellite series featured Cloudsec's field CTO tal

China cancels major Subsea Cable project following rising tensions

China has canceled a vital subsea cable project after China's two largest telecoms withdrew their 20% stake in...

FAA blames damaged database file for flight disruptions

Preliminary investigations by the Federal Aviation Administration (FAA) posit the anomaly that led to the delay of more...

Federal Aviation Administration downs systems following NOTAM crash

The American Federal Aviation Administration system is down, resulting in thousands of flight delays and cancellations across the...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways