Intel will invest $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
Construction is expected to begin this year, with production coming online at the end of 2025.
The U.S. and Europeare pushing to aggressively to build chip making capacity and reduce reliance on producers that are now mostly based in Asia. Micron Technology, based in Boise, Idaho, said it will invest $150 billion globally over the next decade in developing its line of memory chips, with a potential U.S. manufacturing expansion if tax credits can help make up for the higher costs of American manufacturing.Lawmakers have been urging House and Senate leaders to fully fund a law meant to address the semiconductor chip shortage.
“Your two biggest producers are Taiwan and South Korea and both are vulnerable spots on the world stage,” he said. “Intel’s new facilities will be transformative for our state, creating thousands of good-paying jobs in Ohio manufacturing strategically vital semiconductors,” DeWine said.
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