Intel breaks ground on $20B investment in the silicon heartland
Intel has officially broken ground on the company’s newest U.S. manufacturing site in Licking County, Ohio. The chipmaker is investing more than USD 20 billion in the new semiconductor manufacturing site.
With the investment, Intel is looking to boost production to meet the surging demand for advanced semiconductors, powering a new generation of products from Intel and serving the needs of foundry customers.
The initial phase of the project is expected to create 3,000 Intel jobs along side the two new chip fabs, the company states in a press release. To support the development of the new site, Intel has pledged an additional USD 100 million toward partnerships with educational institutions to build a pipeline of talent and boost research programs in the region.
Spanning nearly 1,000 acres in Licking County, just outside of Columbus, the “mega-site” can accommodate a total of eight chip fabs.