Home > Latest News > Intel Building World’s-Largest Chip Plant In America

Intel Building World’s-Largest Chip Plant In America

Intel announced over the weekend its plans to pump A$140 billion into building what it expects to be the world’s largest chip-making factory in Ohio, neatly tying together President Biden’s focus on building America’s onshore components production, and Intel CEO Pat Gelsinger’s plans to restore Intel’s reputation as the leading chipmaker.

Gelsinger told Rueters the plan is to build eight fabrication plants, with the A$140 billion investment the largest on record for the state of Ohio.

Gelsinger said it could become “the largest semiconductor manufacturing location on the planet.”

Congress is currently dragging its feet on US$52 billion in funding that is intended to jump start US chip manufacturing.

Rather than sit around and wait, Intel will begin investing.

“We’re still going to start the Ohio site,” Gelsinger pledges.” It’s just not going to happen as fast [without government funding] and it’s not going to grow as big as quickly.”

However, Intel won’t be able to revive the industry alone, says Gelsinger.

“We still have years in front of us before we’re even having a semblance of supply demand balance.

“Ask yourself what portion of your life is not becoming more digital.”



You may also like
Chipmakers Slash Investment Plans By A$15.36 Billion
Microsoft Recall
Windows 11 Recall Finally Arrives On Intel And AMD Copilot+ PCs
Intel's former chief executive Pat Gelsinger (Credit: Intel Corporation)
Intel CEO Departs As Company’s Turnaround Strategy Questioned
Just A Memory: Intel Changes Direction On Processors
Intel
Struggling Intel Hints At Turnaround With Optimistic Forecast

Popular Posts

Worldwide Appliances Jack Up Prices Ahead Of New Outdoor Cooking Range Launch
Latest News
/
/
Seagate To Acquire Intevac In All-Cash Deal
Latest News
/
/
YouTube Shorts with Veo 2
Google Boosts Online AI Video With Veo 2
Latest News
/
/
Leaked Renders Of Samsung Budget Galaxy A36 Revealed
Latest News
/
/
French AV Brands Getting Traction In OZ Advance Paris The Latest
Latest News
/
/

Digital Magazines

Recent Post

Worldwide Appliances Jack Up Prices Ahead Of New Outdoor Cooking Range Launch
Latest News
/
//
Comments are Off
  Six months after Worldwide Appliances took on the Everdure Barbecue brand the business has announced price rises of between...
Read More