Intel Build $20 Billion

Intel to build $20 billion chip factory in Ohio

Intel to build $20 billion chip factory in Ohio

Intel is reportedly planning to invest at least $20 billion to create a new processor facility near Columbus, Ohio, continuing chip companies’ moves to reduce dependency on other countries.

As Intel plans its own new chips, and wants to make Apple Silicon ones for Apple too, the company been working to expand its capacity. A plan to invest in China was reportedly blocked by the White House, but now Intel is set to create a new plant in Ohio.The White House has commented that the plan helps strengthen US efforts to secure semiconductor supplies, and also that it shows how businesses need to avoid overdependence on particular sources.

“The COVID-19 pandemic shined a spotlight on the fragility in the global semiconductor supply chain,” a White House spokesperson told the Wall Street Journal.
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