In order to accelerate the semiconductor industry, Intel has initiated a new $20 billion semiconductor plant in Ohio. The agenda of Intel is to invest $100 billion in Ohio over the next 10 years.
During the first phase, Intel is providing $17.7 million for eight proposals from leading institutions and collaborators in Ohio to develop semiconductor-focused education and workforce programmes.
The semiconductor manufacturing site will generate 7,000 construction jobs and 3,000 long-term positions in manufacturing and engineering.
The $20 billion semiconductor plant is one of the first domestic chip-making facilities after the recently passed CHIPS and Science Act.
Intel had previously delayed the plant’s groundbreaking ceremony because its plans largely relied “on funding from the CHIPS Act.