Intel has announced plans for an initial investment of more than $28 billion to construct two new leading-edge chip factories in Licking County, Ohio.
The investment will help boost production to meet the surging demand for advanced semiconductors, and It will power Intel’s new generation of innovative products and serve the needs of foundry customers as part of Intel’s IDM 2.0 strategy.
It will power a new generation of innovative Intel products and serve the needs of foundry customers as part of Intel’s IDM 2.0 strategy.
It is the most significant single private-sector investment in Ohio’s history. The project’s initial phase is expected to create 3,000 Intel jobs and 7,000 construction jobs throughout the build and support tens of thousands of additional local long-term jobs across a broad ecosystem of suppliers and partners.
Intel has pledged an additional $100 million to support the development of the new site. The funds will be used for partnerships with educational institutions to build a talent pipeline and bolster research programs in the region.
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