Cheddar Gadgets January 21, 2022
Intel is investing $20 billion in a new computer chip facility in Ohio, amid a global shortage of microprocessors used in everything from phones and cars to video games. The 1,000-acre location will initially host to two chip factories, and is expected to create 3,000 company jobs and 7,000 construction jobs. Additionally, the factories will support tens of thousands of additional jobs for suppliers and partners, the company and local and state officials announced Friday. Construction is reportedly due to kick off this year, with the site becoming operational in 2025. In an interview with Time, Intel CEO Pat Gelsinger said the company expects the site to become “the largest silicon manufacturing location on the planet,” adding that it could eventually expand to 2,000 acres with eight fabs. The news comes as the demand for computer chips continues to grow.