DeWine, Intel Confirm Plans For Semiconductor Chip Factories In Licking County
Updated: January 21, 2022, 11:56 A.M. ET
Governor DeWine has confirmed widespread media reports that Intel plans to spend $20 billion to build two semiconductor chip factories in Licking County by 2025.
The two chip factories are 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. Construction is expected to begin in late next year, with production coming online at the end of 2025.
"The factories will have Intel's most advanced process technologies and will help reconfigure the global semiconductor supply chain," DeWine tweeted.
The company also confirmed the news with a Friday morning statement that included artist renderings of the facility.
An official announcement is planned Friday afternoon at the Midland Theater in Newark.
Watch President Biden speak about the new factories.
Speaking at the White House on Friday morning, Intel CEO Patrick Gelsinger said the $100 billion investment over the next decade seeks to attract talent and bolster research in the central Ohio region. He called the Ohio project the "Silicon Heartland."
The factories are a part of the Biden administration's effort to bring the manufacturing of semiconductor chips back to the U.S. amid a global shortage of microprocessors used in everything from phones and cars to video games.
The U.S. share of the worldwide chip manufacturing market has declined from 37% in 1990 to 12% today, according to the Semiconductor Industry Association, and shortages have become a potential risk.
The project will be the single largest private sector investment in Ohio history, Gelsinger said. It's the largest development project since Honda first came to the state in the early 1980s.
The DeWine administration had been talking with Intel for eight months about bringing the factories to Ohio.
This is a developing story that may be edited through the day.