Intel Announces Plans for $20 Billion USD Processor Manufacturing ‘Mega-Site’ in Ohio
Intel has announced that it will open a new manufacturing mega-site near Columbus, Ohio.
Intel will invest $20 billion USD in a sprawling new processor manufacturing facility outside Columbus, Ohio, according to an announcement from the tech giant early Friday.
The plant, billed as the single largest private-sector investment in Ohio’s history, is expected to create 3,000 jobs, based on the company’s projections, not including at least 7,000 temporary construction jobs.
The new so-called “mega site” will be similar to the company’s other campuses in Arizona and Oregon, will house up to eight semiconductor production facilities and will cost up to $100 billion when fully built over the next decade. The construction will begin later this year and the first fab will go online in 2025.
Intel also pledged to spend $100 million USD over the next decade in partnership with Ohio universities, community colleges, and the US National Science Foundation, to “build a pipeline of talent and bolster research programs in the region.”
The 1,000-acre development may just be the start of this new endeavor, with Intel CEO Pat Gelsinger confirming to Time that the company has the option to expand the site to 2,000 acres. With that amount of space available, up to eight fabrication plants can be constructed.
“Our expectation is that this becomes the largest silicon manufacturing location on the planet,” Gelsinger said.