Intel to invest $20 billion in US chip factory
Intel announced this Friday, 21, an investment of US$ 20 billion for the development of a processor factory in the United States. Located in Licking County, Ohio, construction on the plant is expected to begin in late 2022 and be operational by the end of 2025.
According to US President Joe Biden, the investment – the largest in Ohio’s history – will create 7,000 factory construction jobs and 3,000 permanent jobs. In his view, US government support for semiconductors helps the US compete with East Asia, particularly China, and helps reduce Asia’s dependence on the global supply chain.
“The new coronavirus has put this problem ( supply chain crisis ) in the spotlight, especially with chips. As a result, everything – from cars to washing machines – is experiencing delays in reaching stores and consumers as demand is growing due to the booming economy,” Biden said, addressing his speech to the average American.
“And because supply is low (and demand is high), prices keep rising”, added the president, remembering that a third of this growth is linked to the increase in car prices. This segment, according to Intel President Pat Gelsinger, uses 4% of the semiconductors manufactured today but will need 20% by 2030.
Biden also recalls that the United States has attracted US$ 80 billion of investments in the semiconductor sector since 2021, such as Samsung, Global Foundries, SK Group, Cree Micron.
In addition to the money invested to raise the plant, the company will inject another US$ 100 million in partnerships with educational institutions to build a bridge between talent and programs in the region.