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TAP TIMES -15- OCTOBER 2022
Intel holds groundbreaking for advanced semiconductors, powering
for $20 billion Ohio megafab a new generation of innovative products
from Intel and serving the needs of found-
COLUMBUS, Ohio — With a special ap- ry customers as part of the company’s IDM
pearance by Pres. Joseph R. Biden, 2.0 strategy.”
Intel Corp. held a groundbreaking at
the site of Intel’s proposed megafab Site support will add $100M
site on September 9. To support the development of the new
site, Intel pledged an additional $100 mil-
lion toward partnerships with educational
institutions to build a pipeline of talent and
bolster research programs in the region.
At full buildout, the company’s total invest-
ment in the site could grow to more than
$100 billion over the next decade, making
it one of the largest semiconductor manu-
facturing sites in the world. Construction
is expected to begin later this year with
production set to begin in 2025.
Intel CEO Pat Gelsinger (left) shows groundbreaking attendees,
including President Biden, the plans for Intel’s new megasite.
(Intel)
Intel stunned the semiconductor industry
with the January news that it planned to
build a megafab at a site in Licking Coun-
ty, near Columbus, Ohio.
The first fab This is a representation of Intel’s proposed Ohio fab site. (Intel)
This will be the first semiconductor fab Intel’s surprise January announcement was
in what Intel is now calling the “Silicon a big win for the Buckeye State, whose past
Heartland.” With the exception of some manufacturing industry was based on iron
research fabs, the midwest, which some and steel.
derisively term “The Rust Belt,” has no
semiconductor plants. The state won over more likely candidates
such as New York state. To date, Ohio has
With its January 21 announcement, Intel not disclosed what incentives it dangled be-
said it will make an initial investment of fore the microprocessor king.
more than $20 billion in the construction
of two new leading-edge chip factories in At the time of the announcement, Intel not-
Ohio. Intel’s investment may eventually ed that completion of the megasite would
exceed $100 billion. require passage of the CHIPS Act, a bill to
incentivize semiconductor manufacturing in
Intel said, “The investment will help boost the U.S. That bill was signed recently.
production to meet the surging demand
