President Biden travels to Ohio as Intel breaks ground on $20B semiconductor site
CLEVELAND, Ohio (WOIO) - President Joe Biden joined Ohio Gov. Mike DeWine and Intel executives in Licking County on Friday morning for a ceremony celebrating the company’s historic semiconductor manufacturing site.
Two state-of-the-art manufacturing factories, an investment of $20 billion, will be built in central Ohio by 2025, according to Intel.
The groundbreaking event came approximately one month after Biden signed the CHIPS and Science Act into law.
The chips that will be manufactured at the plant can be used in various products, including cell phones, appliances, and vehicles.
Even though the facilities will be located in Licking County, the impact is expected to be felt statewide.
An estimated $2.8 billion is expected to be added to the state’s annual gross product, the governor’s office said.
The project is the largest single private sector company investment in Ohio’s history.
Licking County is approximately 35 miles northeast of Columbus.
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