Intel to Construct Chip Factory worth $20-Billion in Ohio

BUSINESS TECHNOLOGY

The company ‘Intel Corp’ is all set for the purpose of announcing that it is going to be investing 20 billion dollars in a large new manufacturing site near the region of Columbus, Ohio for the purpose of developing and manufacturing the advanced semiconductor chips.

The investment that has been planned is including 3,000 permanent jobs on the site of 1,000 acre in the region of New Albany in the region of Ohio, and according to the reports, the company ‘Intel’ is going to be building at least two fabrication plants of the semiconductor.

Joe Biden, president of the United States has been making remarks on the efforts of the government of the United States for the purpose of increasing the supply of the semiconductors along with making more in the country, and also rebuilding the supply chains at the United States.

Pat Gelsinger, chief executive of Intel is all set for appearing with Joe Biden at the White House, and the government of the United States has not responded for any request for making any comments, and the initial 20 billion dollars investment has been the first step of what can possibly be an eight-factory and also complex costing billions of dollars.

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Pat Gelsinger has also been driving the plans for Intel for the purpose of expanding in the regions like the United States and Europe as it has been seeking to increase the competition along with the global competitors.