Intel announced at the end of January that it would invest $20 billion for the construction of two new semiconductor factories in Licking County, Ohio, just outside of Columbus. It is hoped the new facilities will aid in meeting surging demand for semiconductors. In addition to the construction investment, Intel pledged an additional $100 million toward partnerships with educational institutions to strengthen research programs and enhance the workforce and talent pool in the region.
Construction is expected to begin late in 2022. Production is expected to come online in 2025, when the fab will deliver chips using the industry’s most advanced transistor technologies.