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Intel plans $ 20 billion production site in Ohio




The Intel Corporation logo is seen on a screen in a store in Manhattan, New York City, November 24, 2021. REUTERS / Andrew Kelly

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WASHINGTON / SAN FRANCISCO, Jan. 20 (Reuters) – Intel Corp. will invest $ 20 billion in two new Ohio factories to make advanced chips, the company said Friday, the first step toward a “mega-site” that can house eight chip factories costs $ 100 billion.

The planned investment includes 3,000 permanent jobs and 7,000 construction jobs on the 1,000-acre site in Licking County, just outside Columbus.

CEO Pat Gelsinger is driving Intel’s plans to expand, especially in Europe and the US, as they try to heat up competition with global rivals and respond to a worldwide shortage of microchips.

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“These factories will create a new epicenter of advanced chip production in the United States that will strengthen Intel’s domestic lab-to-factory pipeline,” Gelsinger said in a statement.

Chipmakers are trying to increase production after manufacturers around the world, from cars to consumer electronics, faced a shortage of chips. Intel is also trying to regain its position as the manufacturer of the smallest and fastest chips from current leader TSMC, which is based in Taiwan.

However, Intel’s plans for new factories will not alleviate the current demand crisis, because such complexes take years to build. Gelsinger said earlier that he expected the chip shortage to last into 2023.

In September, Intel broke ground at two factories in Arizona as part of its turnaround plan to become a major manufacturer of chips for external customers. The $ 20 billion plant will bring the total number of Intel factories on campus in the Phoenix suburb of Chandler to six. read more

President Joe Biden’s administration wants Congress to approve $ 52 billion to expand US semiconductor production. The Senate adopted a measure in June last year, but it has stopped in the House of Representatives. read more

Biden comes on Friday with comments about the US government’s efforts “to increase the supply of semiconductors, make more in America and rebuild our supply chains here at home,” the White House said earlier.

Gelsinger will meet Biden in the White House later on Friday, Intel said.

Planning for the first two factories will begin immediately, with construction expected to begin in late 2022 and production to begin in 2025. Intel said.

Samsung Electronics regained the top spot in 2021 from Intel for the first time since 2018, data from Gartner showed and Intel fell to second place with 0.5% growth last year, delivering the lowest growth among the 25 best suppliers.

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Reporting by David Shepardson and Alex Alper in Washington, Jane Lee in San Francisco, Nivedita Balu and Akriti Sharma in Bengaluru; Edited by Shounak Dasgupta, Christopher Cushing and Anil D’Silva

Our standards: Thomson Reuters Trust Principles.



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