CHIPMAKER INTEL DETAILS $150 MILLION EDUCATION INVESTMENT
Techlife News|Techlife News #542
Chipmaker Intel outlined $150 million in educational funding aimed at growing the workforce for the semiconductor industry, as part of its $20 billion investment in a production hub in Ohio.
CHIPMAKER INTEL DETAILS $150 MILLION EDUCATION INVESTMENT

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.

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