Yesterday, January 20, in an interview with Time news outlet, Pat Gelsinger, CEO of Intel, officially announced that the company plans to invest at least $20 billion to build a new manufacturing facility in New Albany, Ohio, USA. On an area of about 400 hectares, two factories for the production of chips will initially be located – they will employ at least three thousand Intel employees and tens of thousands of suppliers and partners of the company, and the factories themselves plan to be launched in 2025. The Intel CEO himself called the new plant “the largest silicon production site on the planet.”
Moreover, Gelsinger added that the production site will eventually be expanded to 800 hectares with eight factories, and the total investment in this direction will be up to $100 billion over the next decade. Intel also plans to spend a hefty sum ($100 million was mentioned in the interview) to partner with universities, colleges and the US National Science Foundation to co-develop new talent. At the same time, Intel chose the location for the construction of a huge plant very well – experts believe that Ohio is just perfect for the production of chips.
The fact is that in this state (and in New Albany in particular) land is relatively inexpensive by US standards, plus production facilities can be quickly staffed with engineering graduates from the nearby Ohio State University. And although several states and even countries at once offered Intel various subsidies for the construction of the plant, understanding the further economic benefits, it is Ohio that best suits the requirements of the processor market giant. Apparently, Intel still decided to keep up with the largest competitors, who are also massively pouring funds into the construction of the latest factories around the world.