Tuesday, July 1, 2025
spot_img

Intel kicks off work on $20 bn semiconductor plant in US

Date:

Share post:

spot_imgspot_img

San Francisco, Sep 10:  Intel has kicked off work on the new $20 billion semiconductor plant in the Ohio state in US, as President Joe Biden joined the chip-maker and Ohio Governor Mike DeWine to celebrate breaking ground in the “Silicon Heartland” on the world’s most advanced chipmaking facilities.

The chip plant is part of Intel’s plans to invest $100 billion in Ohio over the next 10 years.”Today marks a pivotal moment in the journey to build a more geographically balanced and resilient semiconductor supply chain,” said, Pat Gelsinger, Intel CEO.

“The establishment of the Silicon Heartland is testament to the power of government incentives to unlock private investment, create thousands of high-paying jobs, and benefit U.S. economic and national security,” he said in a statement.

During the first phase, Intel is providing $17.7 million for eight proposals from leading institutions and collaborators in Ohio to develop semiconductor-focused education and workforce programmes.

The semiconductor manufacturing site will generate 7,000 construction jobs and 3,000 long-term positions in manufacturing and engineering.

The $20 billion semiconductor plant is one of the first domestic chip-making facilities after the recently passed CHIPS and Science Act.

Intel had previously delayed the plant’s groundbreaking ceremony because its plans largely relied “on funding from the CHIPS Act.

Biden signed the $280 billion tech and science bill last month, calling it “a once in a generation investment in America itself.”

IANS

spot_imgspot_img

Related articles

Remittances by Indians working abroad scale record high of $135 billion in FY25

Mumbai, July 1: The remittances sent back home by Indians working abroad have registered a 14 per cent...

Without EV subsidies, Musk to close up shop, head back home to South Africa: Trump

New Delhi, July 1: US President Donald Trump has issued a deportation warning for Tesla and Space CEO...

SBI storms into 70th year with balance sheet soaring to Rs 66 lakh crore

Mumbai, July 1: The State Bank of India (SBI), the nation’s largest financial institution, is celebrating its 70th...

Fuel ban on overage vehicles in national Capital draws mixed reactions from Delhiites

New Delhi, July 1:  Delhi's decision to enforce a strict fuel ban on 'end-of-life' (EoL) vehicles -- petrol...