Nichols Martin
Intel plans to invest over $20 billion in building a pair of new chip production factories in Licking County, Ohio, as the company seeks to meet a growing demand for semiconductors.
The company said Friday it expects the investment, which aligns with its IDM 2.0 strategy, to create 7,000 construction jobs and 3,000 Intel jobs, as well as support thousands of careers across partners and suppliers.
The two factories will become part of a 1,000-acre “mega-site” that can accommodate up to eight chip factories in total. Intel may expand the investment to $100 billion over the next 10 years.
Construction of the first two factories is scheduled to commence late this year, with production operations expected to begin running in 2025.
“Ohio is an ideal location for Intel’s U.S. expansion because of its access to top talent, robust existing infrastructure and long history as a manufacturing powerhouse,” said Keyvan Esfarjani, senior vice president of manufacturing, supply chain and operations at Intel.
Ultra Clean Technology, LAM Research, Applied Materials and Air Products make up the first batch of partners that will operate in Ohio to help Intel establish the site.
