Intel’s investment in Ohio could have $100 billion impact
Published: Sep. 9, 2022 at 7:13 AM EDT
CLEVELAND, Ohio (WOIO) - The largest single private-sector investment in Ohio’s history could make the state home to one of the biggest semiconductor manufacturing sites in the world.
Intel’s initial $20 billion investment into two new factories in Licking County could grow to as much as $100 billion by the time the buildout is complete, according to the global technology company.
The first phase of the two-factory project is expected to create 3,000 Intel jobs and 7,000 construction jobs for Ohio.
The land, which spans approximately 1,000 acres, can accommodate a total of eight chip factories.
Microchip production at the new sites is scheduled to commence in 2025.
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