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Intel to build $20 billion chip factory in Ohio: ‘Largest on the planet’

From nypost.com

Intel said it will spend at least $20 billion to build two computer chip factories in Ohio that it expects will become “the largest silicon manufacturing location on the planet.” Plans for the two plants, which are expected to employ 3,000 people and occupy a 1,000-acre site, come as US tech firms scramble to slash their reliance on overseas manufacturing amid a severe shortage in semiconductors. The twin facilities — slated to be built in New Albany, a town of 11,000 residents just outside of the state capital of Columbus — are also expected to create some 7,000 construction jobs that will benefit local businesses ... (full story)

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  • Category: Fundamental Analysis