Chip-maker Intel said it will invest more than $20 billion to build two new factories in the US for making chips.
The initial phase of the project in New Albany near Columbus, Ohio, is expected to create 3,000 Intel jobs and 7,000 construction jobs over the course of the build.
Intel’s actions will help build a more resilient supply chain and ensure reliable access to advanced semiconductors for years to come, said Pat Gelsinger, CEO of Intel.
Intel pledged an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.
The total investment in the site could grow to as much as $100 billion over the next decade, making it one of the largest semiconductor manufacturing sites in the world, Intel said.
Planning for the first two factories will start immediately, with construction expected to begin late in 2022, said Intel.
Production is expected to come online in 2025, when the fab will deliver chips using the industry’s most advanced transistor technologies.
The mega-site, spanning nearly 1,000 acres in Licking County, outside of Columbus, can accommodate eight chip factories (fabs) as well as support operations and ecosystem partners.