Source: Tech Radar
Chip manufacturer Intel announced on Friday their $20 billion investment to construct a factory in central Ohio. This move is motivated by their attempt to help reduce a worldwide chip shortage responsible for powering phones, cars, home appliances and other gadgets.
This also shows the chip giant’s dedication to manufacturing crucial technology products in the US. An opportunity opens for businesses linked to chip manufacturing to launch new facilities and pilot expertise in the region as Intel’s move creates a new technology hub in Ohio.
Intel revealed that they plan to open two factories, also known as fabs. These fabs will sustain their line of processors, with its new “foundry” business, which will produce chips developed by other companies.
Typically in Asia, foundries of chips in existence turn out a massive amount of custom-made chips. Dominating the business is Taiwan Semiconductor Manufacturing Co., or TSMC.
During a White House event, Intel CEO Patrick Gelsinger stated that the upcoming manufacturing site is seeking to satisfy a number of needs. He said that chips developed in the site would alleviate supply chain strain and boost US national security. Furthermore, it will also give out more tech jobs in the region.
The two expected factories will be located on a 1,000-acre site in Licking County, east of Columbus. It is estimated to bring 3,000 company jobs – the majority of them highly competent – and 7,000 construction jobs.
Intel and local and State officials said Friday that the factories will provide hundreds, if not thousands, more employment for suppliers and partners.
“A semiconductor factory is not like other factories,” stated Gelsinger, who previously returned to Intel in 2021 as CEO. “It’s more like a small city supporting a vibrant community of services, suppliers and ancillary businesses. You can think about this as a magnet for the entire tech industry.”
Intel’s announcement gave President Joe Biden an opportunity to shove a $52 billion bill investment in the chip business awaiting House approval. Moreover, this bill would help guarantee more manufacturing happens in the US.
“We are going to invest in America,” said Biden. “We’re investing in American workers. We’re going to stamp everything we can, ‘Made in America,’ especially these computer chips.”
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