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HomeU.S.Report: Intel Plans $20 Billion Chip Factory in Columbus, Ohio

Report: Intel Plans $20 Billion Chip Factory in Columbus, Ohio

A Silicon Valley tech large is about to announce an funding of $20 billion for a chip manufacturing facility in Columbus, Ohio, a locale robust on manufacturing with knowledge facilities for Google, Amazon, and Facebook.

Intel’s semiconductor manufacturing facility would make use of 3,000 employees in Licking County, along with 1000’s of development employees and Intel suppliers finding to the realm, a supply instructed The Columbus Dispatch.

“I can not affirm or announce financial growth tasks till they’re finalized, and I will not handle particulars in press reviews speculating about the opportunity of a serious semiconductor manufacturing facility being constructed and operated in Ohio,” Gov. Mike DeWine mentioned in an announcement Tuesday.

Chips are essential to the American financial system amid a concerted effort to onshore U.S. manufacturing of the vital know-how, and would bolster the state of Ohio, not recognized for as a Big Tech vacation spot.

The $20 billion funding could be the most important in state historical past, based on the Dispatch.

Just 12% of chips are made within the U.S., down from 37% within the Nineties – which pales compared to the 80% produced in Asia – based on the report.

Chips information automobiles, cellphones, home equipment, gaming consoles, and medical know-how.

“Restoring American management as a producer of superior pc chip know-how is critically vital in strengthening U.S. provide chain resiliency and addressing our over-reliance on international suppliers for parts important to our nationwide protection,” Ohio state Rep. Troy Balderson instructed the Dispatch in an announcement Friday.

“In addition to its potential for creating good-paying tech jobs, this funding takes a serious step towards addressing the nationwide chip scarcity and would mark a major milestone in our efforts to minimize dependence on abroad producers.”

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