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Intel Corporation announced Friday that it is investing $20 billion to build two new “leading-edge” chip factories in Ohio.“The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of the company’s IDM 2.0 strategy,” the company said in a statement.IDM 2.0 is a new integrated device manufacturing model, which Intel CEO Pat Gelsinger announced on March 23, 2021.The move is part of Gelsinger’s strategy to restore Intel’s dominance in chip making and reduce America’s reliance on Asian manufacturing...

A Silicon Valley tech giant is set to announce an investment of $20 billion for a chip factory in Columbus, Ohio, a locale strong on manufacturing with data centers for Google, Amazon, and Facebook. Intel's semiconductor factory would employ 3,000 workers in Licking County, in addition to thousands of construction workers and Intel suppliers locating to the area, a source told The Columbus Dispatch.

Ohio has landed what could become the biggest semiconductor operation on Earth. Chip giant Intel plans to officially announce Friday that it will invest $20 billion to build two computer chip plants in Jersey Township in Licking County in what will be Ohio's largest economic development project to date. State and local officials are set to gather in Newark this afternoon to celebrate the news.

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