Posted 3/22/2024, 1:27:00 PM
Intel Plans $100 Billion Ohio Plant to Reclaim US Semiconductor Leadership
- Intel plans a $100B expansion over 5 years to build "the largest AI chip manufacturing site in the world" near Columbus, Ohio
- The expansion includes nearly $20B in federal CHIPS Act funding to regain US dominance in semiconductor manufacturing
- Intel's funding will support new chip plants in AZ, NM, OH, and OR expected to create around 80,000 jobs
- The funding shows "America will not surrender leadership to our competitors," says Intel CEO Pat Gelsinger
- The act aims to boost US production of advanced semiconductors from less than 10% currently to compete with nations like China