Chip manufacturer Intel will spend at least $20 billion on a new chip manufacturing site in New Albany, near Columbus, Ohio, the company announced today. The 1,000-acre location will initially play host to two chip factories and is set to directly employ at least 3,000 people and “tens of thousands” more across suppliers and partners. Construction is reportedly due to kick off this year, with the site becoming operational in 2025.
Intel already has US factories across several states including Oregon, New Mexico, and Arizona. Ohio represents its first manufacturing expansion into a new state in over 40 years. Intel has been aggressively ramping up its investments in manufacturing capacity under its new CEO, who’s already announced a $20 billion expansion of the company’s existing Arizona complex.
