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AP National Business

Intel building $20B Ohio chip facility amid global shortage

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KMIZ

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Published 6:26 AM

By JOHN SEEWER and ANDREW WELSH-HUGGINS
Associated Press

COLUMBUS, Ohio (AP) — Chip maker Intel said it will invest $20 billion to build a new factory in Ohio, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances while also signaling the giant company’s commitment to manufacturing crucial technology products in the U.S. Intel CEO Pat Gelsinger said two new chip “fabs” will reduct supply chain pressure while also bolstering U.S. national security and bringing more tech jobs to the region. The new Intel site is expected to create 3,000 company jobs and 7,000 construction jobs, and to support tens of thousands of additional jobs for suppliers and partners. 

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