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Stocks (from 18)
he has provoked big, potential changes in
technology and perhaps more importantly
in the company’s business organization.
New fabs
The list of what
Gelsinger has ac-
complished (and
has promised to
accomplish) shows This is an artist’s rendering of what Intel’s proposed Licking
County, Ohio fab site may look like. (Intel)
a new direction for
the company. tional $100 million toward partnerships
with educational institutions to build a
During his short “pipeline for talent and bolster research
reign, Gelsinger programs in the region.”
has expanded the
Hillsboro, Oregon Largest Ohio investment
The three docs: From left Dr. An- Intel’s planned Columbus fab will be the
drew Grove, Dr. Robert Noyce and fab site; an-
Dr. Gordon Moore. Grove was not nounced two new largest single private sector investment
a founder, but one of the first em in the state’s history. The initial phase is
ployees and later CEO. (Intel) fabs for the Oc-
atello campus in expected to create 3,000 Intel jobs and
Chandler, Arizona and made a $3.5 billion 7,000 construction jobs in the area over
upgrade to the Rio Rancho, N.M. fab site. the course of the build.
Since mid-year 2021, Intel has been ex- Over the course of construction, Gelsinger
panding its presence in Israel with a $600 said, the Ohio site, spanning nearly 1,000
investment in existing locations including acres, could become one of the largest
$200 million for its Haifa, Israel campus. It semiconductor manufacturing sites in the
has also poured more money into its Leix- world with an investment by Intel of $100
lip, Ireland wafer fab. billion.
Welcome to the Buckeye state Construction beginning late this year
Only three weeks into the new year, Intel Construction is slated to begin late this
stunned the semiconductor industry with year, with production coming online in
the news that it plans to site at least two 2025. The site will produce Intel’s “most
wafer fabs in Columbus, Ohio. advanced technologies.”
The initial investment, said Gelsinger at a Before the ink was barely dry on Intel’s
news conference, will be at least $20 bil- proposed Ohio move, the company an-
lion, and this may ultimately become the nounced it was acquiring Tower Semicon-
company’s largest wafer fab location. ductor in Israel for about $5.4 billion.
There has never been a wafer fab in Ohio, Tower, formerly TowerJazz in Migdal Hae-
nor anywhere else in the mid-west, for mek, Israel, began in 1993 with the acqui-
that matter. In developing the new site, sition of National Semiconductor’s 150mm
the company has said it will give an addi- next page
