Intel had earlier announced it would invest $100 billion in Ohio over the next 10 years.
Intel announced the start of work on a massive $20 billion semiconductor plant. The plant comes up in Ohio, where US President Joe Biden and Ohio Governor Mike DeWine joined the breaking ground ceremony.
The Biden administration has been making a renewed push into the chip making industry. In a big boost to the semiconductor industry, the US Senate voted in July to move forward with the CHIPS Act that will provide a $54 billion boost to the sector. The long-delayed Senate vote fulfills the chip industry’s demand for subsidies that will enable it to compete with China.
Intel had earlier announced it would invest $100 billion in Ohio over the next 10 years. „Today marks a pivotal moment in the journey to build a more geographically balanced and resilient semiconductor supply chain,“ Intel CEO Pat Gelsinger said.
