The company announced the Ohio development in January, part of Intel’s efforts to alleviate a global shortage of chips powering everything from phones to cars to home appliances. It’s the largest private sector investment in Ohio history.
Construction of two factories, or fabs, is expected to begin this year, with production coming online at the end of 2025. Total investment could top $100 billion over the decade, with six additional factories down the road.
To win the project, Ohio offered Intel roughly $2 billion in incentives, including a 30-year tax break.
The U.S. share of the worldwide chip manufacturing market has declined from 37% in 1990 to 12% today, according to the Semiconductor Industry Association, and shortages have become a potential risk.
This story is from the Techlife News #542 edition of Techlife News.
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This story is from the Techlife News #542 edition of Techlife News.
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