Intel plans $20 billion chip manufacturing site in Ohio

Published by
Reuters

By David Shepardson and Jane Lanhee Lee WASHINGTON/SAN FRANCISCO (Reuters) -Intel Corp 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 planned investment includes 3,000 permanent jobs and 7,000 construction jobs on the 1,000-acre site in Licking County, just outside of Columbus. Chief Executive Pat Gelsinger is driving Intel plans to expand, especially in Europe and the United States, as it seeks to heat up competition with global rivals and …

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