Read more about Intel Addressing the Semiconductor Shortage.
Intel is the most iconic semiconductor maker in the world. But it's no longer the most advanced.
To help regain its chip-making prowess, Intel recently announced a plan to invest at least $20 billion in a manufacturing facility in Ohio, one that could become the world's largest when completed.
The location will be the company's first new U.S. manufacturing site in 40 years when the first two factories start mass-production in 2025. The site will be a vast operation, occupying 1,000 acres to start, with space to build up to eight factories in the future. At an event at the White House with President Biden and Commerce Secretary Gina Raimondo, Intel executives called the Ohio investment the “catalyst for a Silicon Heartland.”
Editors James Morra of Electronic Design, David Maliniak of Microwaves & RF, and Robert Schoenberger of Industry Week, along with Objective Analysis's Jim Handy, discuss the announcement in-depth. They go into the implications for the global chip shortage and how Intel's move could affect the future of advanced chip-making in the U.S. They also address what the stakes are for Intel, which under CEO Pat Gelsinger has pledged more than $100 billion of investments to fuel its recovery plans.
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Intel to Invest $20 Billion in Massive Manufacturing Hub in Ohio
Intel's Manufacturing Chief Talks About Why the Company Chose Ohio