Intel to beef up manufacturing with $20 billion Ohio investment

[Klaralven]

Intel will invest $20 billion in two new plants in Ohio to make advanced chips, the company said on Friday, the first step to a “mega-site” that can accommodate eight chip factories costing $100 billion.

The move is part of Chief Executive Officer Pat Gelsinger’s strategy to restore Intel’s dominance in chip making and reduce America’s reliance on Asian manufacturing hubs, which have a vice-like grip on the market.

The planned investment in Ohio in what could be an eight-factory complex will cost tens of billions of dollars and create 3,000 permanent jobs and 7,000 construction jobs on the 1,000-acre site in Licking County, just outside of Columbus.

https://www.cnbc.com/2022/01/21/intel-plans-20-billion-chip-manufacturing-site-in-ohio.html

[Haggard Celine]

1. That's wonderful!

That's going to be good for the entire country as well as Ohio. Wish they would build a plant down here too. We need to make chips in this country. It's really a matter of national security.

[lagomorph777]

2. Very good news.

It will be good to have Intel Inside® America again.

[Auggie]

3. I'd like to know what incentives Ohio offered .. tax breaks, etc.

This is a huge win for the Ohio Republican party and Republican Governor Mike DeWine as well. They won't let Ohioans forget it.

[Klaralven]

4. Intel plunking down $20bn for at least two chip factories in Ohio

The site will be used for research and development, as well as manufacturing, and its operations are slated to begin by 2025, said the news outlet.

"Our expectation is that this becomes the largest silicon manufacturing location on the planet,” Intel CEO Pat Gelsinger said in the interview. It is also Ohio's largest private-sector investment to date.

The Midwestern American state, with its overall low cost of living and tax incentives, was chosen over 38 different sites. Governor Mike DeWine was told of the selection on Christmas Day.

As for those tax incentives, Ohio will fork out $1bn in infrastructure improvements and Intel will be eligible for job creation tax credits for up to 30 years.

https://www.theregister.com/2022/01/21/intel_us20bn_ohio/

[Auggie]

7. Wow! And thanks!

Duh -- I could have searched myself. Apologies.

[Klaralven]

5. Intel picks Columbus area for largest chip factory in the world

https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/

Long article in the Columbus Dispatch.

[doc03]

8. Biden should come for the ground breaking and take credit for it. Trump came to

Pennsylvania and took credit for a gas cracker plant that he had nothing to do with. The plant had been planned
for years and went under construction 2 years before Trump was pResident. This is part of Biden's plan to bring
chip manufacturing back to the USA. Nucor is building a new steel mill in WV take credit for it.

[SWBTATTReg]

6. I had to laugh at first when I read this article, at first I thought it was Foxconn

cheating (or pretending to open a plant up in WI or somewhere up north (and didn't, as far as I recall), for the $ billions and billions of dollars of tax credits etc. Foxconn got).

Then I realized that nope, this is a different company, in a different state. I guess I'm paranoid, I'm a 'wait and see person', let's see all of the tax credits each of the states will all pile together and temp Intel to open the plant in their states, and then we'll see for sure who and where and when and if the so-called manufacturing plant truly opens.