COLUMBUS, Ohio—Intel Corp. is taking on the microchip crisis by increasing its U.S. production output with an enormous expansion project set to take shape in the Midwest.
The microchip producer said Jan. 21 it would build a $20 billion facility on a 926-acre site in Licking County, Ohio, near Columbus. The investment includes construction of two state-of-the-art factories for microchips that represent Intel's "most advanced process technologies."
Intel also pledged $100 million to establish and maintain partnerships with educational institutions in an effort to help build a "pipeline of talent and bolster research programs in the region."
Site planning is set to begin immediately with operations starting as early as 2025. However, the pace and scope of the project also will be determined by the amount of funding available through the CHIPs Act, according to Keyvan Esfarjani, Intel senior vice president of manufacturing, supply chain and operations.