COLUMBUS, Ohio (WJW) — Early Friday morning, Ohio Governor Mike DeWine’s team confirmed news that Intel Corporation would invest $20 billion to build two factories in the state, which would create term 20,000 jobs.
A site in Licking County will house the semiconductor or chip manufacturing facilities.
They plan to build both facilities by 2025.
According to a press release, the project will be the largest investment by a private sector company in Ohio history.
The jobs break down into 3,000 direct Intel jobs earning 6 figures, thousands of construction jobs, and thousands more jobs generated by the new facilities.
“Today’s announcement is monumental news for the State of Ohio,” Governor Mike DeWine said. “Intel’s new facilities will be transformative for our state, creating thousands of well-paying jobs in Ohio, manufacturing strategically vital semiconductors, often referred to as ‘chips.’ Cutting-edge manufacturing, research and development, and talent are part of Ohio’s DNA, and we’re proud that the chips – which power the future – are made in Ohio, by Ohio people. ‘Ohio.
DeWine held a press conference Friday afternoon saying that after 40 competing states, “Intel has chosen Ohio.”
Intel already has 100 suppliers in Ohio, and now about 30 more are expected, he explained.
“When (supply) companies are thinking about expanding, they have to think of Ohio,” he said. “All we want people to do is give us a look.”
Lieutenant Governor Jon Husted said the announcement comes as supply chain failures demonstrate the need for these sites to be on US soil.
Intel CEO Pat Gelsinger said Ohio will now be a “technology hub” where jobs will continue to grow in the coming years from the two future manufacturing plants, “Silicon Heartland” to go with the Silicon Valley.
“We are thrilled to welcome Intel’s first new manufacturing site in 40 years to Ohio,” said Gelsinger.
He said the company’s goal was to bring semiconductor manufacturing back to the United States and make it a more geographically balanced industry by bringing it to Ohio.
The site is one of the only sites that produces the chips completely “in-house” – from design to production to distribution.
The company hopes to innovate on the site by the end of 2022.
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