Stefan Mileschin

Moving back to America

Chipzilla has lifted the kimono on its plans to invest at least $20 billion in new chip-making capacity in Ohio.


The Intel facility is expected to create 3,000 permanent jobs at the new Ohio site.

The facility would be built near Columbus, Ohio and it would appear that some of that cash is coming from government. The White House said Intel’s investment plan augments US efforts to strengthen domestic chip-making.

President Joe Biden, eager to show he is working to promote domestic chip production, is scheduled to highlight the news in a press conference later today.

The White House, citing industry data, said that since early last year, chip companies have announced nearly $80 billion in new investments in the U.S. that should unfold through 2025.

Governments, particularly in the US and Europe, have become increasingly concerned with securing their semiconductor supply after years in which manufacturing has gravitated to lower-cost countries in Asia. The chip drought during the pandemic has only amplified those worries.

“The Covid-19 pandemic shined a spotlight on the fragility in the global semiconductor supply chain,” the White House said.

Last year, Intel said it planned big investments in chip-making in Arizona and New Mexico and a roughly $95 billion commitment to European manufacturing.

To land the chip plants and reduce the risk of future supply-chain disruptions on their domestic industries, the U.S. and European governments are devising massive subsidy packages. Congress has been working to pass legislation to support chip-company investments in the US

Last year, the US Senate approved $52 billion in funding to support semiconductor research and production, though the legislation still needs to make its way through the House.

https://fudzilla.com/news/pc-hardwar...hio-chip-plant