Intel is spending $20 billion to build a massive chip-making facility in Ohio

Intel has revealed its plans to build a massive semiconductor facility in Ohio to Time — one that company CEO Pat Gelsinger is expecting to become "the largest silicon manufacturing location on the planet." The company is earmarking $20 billion to build the site on a 1,000-acre land in New Albany, located on the outskirts of Columbus, Ohio. Intel's initial plans include building two semiconductor fabrication plants (or fabs) on the property that would employ 3,000 people. Construction on the site is scheduled to begin this year, and Intel expects the fabs to be operational by 2025.