Intel announces the biggest news of the year by selecting Ohio as the prime allocation for its largest silicon manufacturing hub.
Chip manufacturer Intel announced that it will be spending around $20 billion on its latest chip manufacturing site near Columbus, Ohio.
The 1000-acre location is said to be the largest silicon manufacturing location on the planet.
The location will have two separate chip factories while employing around 3000 people as well as “tens of thousands” of suppliers and partners across the globe.
It is expected that the construction will begin sometime later this year, aiming to become operational by the year 2025.
The CEO of Intel, Patrick Paul Gelsinger stated that the company is expecting this manufacturing site to become “the largest silicon manufacturing location on the planet”.
He further said that it is quite possible that an extended expansion of 2000 acres would be done later on.
Pat Gelsinger stated that this new site will help in the establishment of a Silicon Valley and once it gets operational it will be “the silicon heartland.”
Intel has hinted at spending over $100 billion on this site in the next ten years. It will be investing over $100 million in different Ohio colleges, universities, and the US National Science Foundation in order to extract raw and new talent.
Intel has various factories located across America including New Mexico, Arizona, and Oregon.
Ohio will showcase its first manufacturing plant expansion in the passage of the past 4 decades. Under the leadership of the new CEO, Intel is making aggressive investments in the manufacturing side of the company.
“Today’s investment marks another significant way Intel is leading the effort to restore U.S. semiconductor manufacturing leadership,” said Intel CEO Pat Gelsinger in a statement. “Intel’s actions will help build a more resilient supply chain and ensure reliable access to advanced semiconductors for years to come. Intel is bringing leading capability and capacity back to the United States to strengthen the global semiconductor industry.” The competitors of Intel; Samsung and TSMC have announced their own manufacturing units in Texas and Arizona, respectively.