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 in 2025.
Most big semiconductor companies are dependent on chips produced in Asia, particularly in Taiwan, which China has long claimed as its own territory. Taiwan leads the world in chipmaking, accounting for 22% of global manufacturing capacity, followed by South Korea with 21%, and Japan and mainland China each with 15%, according to the SIA.
a law meant to address the semiconductor chip shortage. They want Congress to fully fund the $52 billion CHIPS for America Act, allowing for stateside investment in semiconductor factories. Not only has the chip shortage disrupted the U.S. economy, it is creating a vulnerability in the country’s defense system since eight of every 10 chips are produced in Asia, lawmakers say.
The Intel project is the largest single private-sector investment in Ohio’s history, on par with an agreement in 1977 that brought Honda to central Ohio, where it now employs more than 14,000 people. The Intel jobs are expected to pay an average of $135,000 a year plus benefits, with the project slated to add $2.8 billion to the state’s annual gross product, Ohio Gov. Mike DeWine said in a statement.
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