08/26/2022

President Biden to Attend Groundbreaking of Intel’s $20 Billion Ohio Plants

The event will occur on Sept. 9, 2022

Intel Corp. will break ground Sept. 9 on its planned $20 billion Ohio semiconductor facilities with President Joe Biden in attendance, the company and the the White House said Thursday.

When the company's two factories, known as fabs, open in 2025, the facility will employ 3,000 people with an average salary of around $135,000. Building the fabs is expected to require 7,000 construction workers.

Total investment could top $100 billion over the decade with six additional fabs, Intel CEO Patrick Gelsinger has said. It's Ohio's largest ever private economic development project. Biden will speak on “rebuilding American manufacturing” through recently passed laws boosting the semiconductor industry and U.S. infrastructure, the White House said.

Please select this link to read the complete article from The Associated Press.