Intel will invest more than $20 billion to
build two new factories and to establish a new epicenter for
advanced chipmaking in the Midwest.
Intel today announced plans for an initial investment of more
than $20 billion in the construction of 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. To
support the development of the new site, Intel pledged an
additional $100 million toward partnerships with educational
institutions to build a pipeline of talent and bolster research
programs in the region.
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A rendering shows early plans for two new
leading-edge Intel processor factories in Licking County, Ohio.
Announced on Jan. 21, 2022, the $20 billion project spans nearly
1,000 acres and is the largest single private-sector investment in
Ohio history. Construction is expected to begin in late 2022, with
production coming online at the end of 2025. (Credit: Intel
Corporation)
“Today’s announcement is monumental news for the state of Ohio,”
said Ohio Gov. Mike DeWine. “Intel’s new facilities will be
transformative for our state, creating thousands of good-paying
jobs in Ohio manufacturing strategically vital semiconductors,
often called ‘chips.’ Advanced manufacturing, research and
development, and talent are part of Ohio’s DNA, and we are proud
that chips – which power the future – will be made in Ohio, by
Ohioans.”
PRESS KIT: Intel Invests in Ohio
EVENT VIDEOS: Pat Gelsinger Joins
President Biden at White House (livestream: 8 a.m. PST) | Intel’s
Manufacturing Webcast (livestream: 11:30 a.m. PST; replay
following)
“Today’s investment marks another significant way Intel is
leading the effort to restore U.S. semiconductor manufacturing
leadership,” said Pat Gelsinger, CEO of Intel. “Intel’s actions
will help build a more resilient supply chain and ensure reliable
access to advanced semiconductors for years to come. Intel is
bringing leading capability and capacity back to the United States
to strengthen the global semiconductor industry. These factories
will create a new epicenter for advanced chipmaking in the U.S.
that will bolster Intel’s domestic lab-to-fab pipeline and
strengthen Ohio’s leadership in research and high tech.”
Immense Impact
As the largest single private-sector investment in Ohio history,
the initial phase of the project is expected to create 3,000 Intel
jobs and 7,000 construction jobs over the course of the build, and
to support tens of thousands of additional local long-term jobs
across a broad ecosystem of suppliers and partners. Spanning nearly
1,000 acres in Licking County, just outside of Columbus, the
“mega-site” can accommodate a total of eight chip factories – also
known as “fabs” – as well as support operations and ecosystem
partners. At full buildout, 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.
Planning for the first two factories will start immediately,
with construction expected to begin late in 2022. Production is
expected to come online in 2025, when the fab will deliver chips
using the industry’s most advanced transistor technologies. Ohio
will be home to Intel’s first new manufacturing site location in 40
years.
In addition to Intel’s presence in Ohio, the investment is
expected to attract dozens of ecosystem partners and suppliers
needed to provide local support for Intel’s operations – from
semiconductor equipment and materials suppliers to a range of
service providers. Investments made by these suppliers will not
only benefit Ohio but will have a significant economic impact on
the broader U.S. semiconductor ecosystem. As part of today’s
announcement, Air Products, Applied Materials, LAM Research and
Ultra Clean Technology have indicated plans to establish a physical
presence in the region to support the buildout of the site, with
more companies expected in the future. (See accompanying quote
sheet for more details.)
“The impact of this mega-site investment will be profound,” said
Keyvan Esfarjani, Intel senior vice president of Manufacturing,
Supply Chain and Operations. “A semiconductor factory is not like
other factories. Building this semiconductor mega-site is akin to
building a small city, which brings forth a vibrant community of
supporting services and suppliers. Ohio is an ideal location for
Intel’s U.S. expansion because of its access to top talent, robust
existing infrastructure, and long history as a manufacturing
powerhouse. The scope and pace of Intel’s expansion in Ohio,
however, will depend heavily on funding from the CHIPS Act.”
Community Commitment
To help develop and attract a pipeline of skilled talent from
within the region, Intel plans to invest approximately $100 million
over the next decade in partnership with Ohio universities,
community colleges and the U.S. National Science Foundation. These
partnerships will span a range of activities, from collaborative
research projects to building semiconductor-specific curricula for
associate and undergraduate degree programs.
“Semiconductors make almost every facet of modern life possible
– from computers and smart phones to cars and appliances – and they
played an integral role in the technologies that enabled us to stay
connected throughout the pandemic,” said Kristina M. Johnson,
president of The Ohio State University. “They will also be integral
to a wide range of applications in which Ohio State is actively
involved from a research perspective, including artificial
intelligence, quantum computing, vaccine development and more. So,
it’s a natural fit for Ohio State, along with our fellow
institutions of higher education, to partner on this game-changing
investment in semiconductor manufacturing. Today’s announcement is
significant for Ohio, for Intel and for the national interest, as
we are still in the midst of a global chip shortage. But it also
presents a remarkable opportunity for current and future students.
It will cement Ohio as a top magnet for retaining and attracting a
new generation of talent and build on numerous opportunities under
development within our state’s colleges and universities, including
at Ohio’s innovation districts, which are already taking shape in
partnership with JobsOhio.”
Intel has a long history of corporate responsibility at its
current U.S. manufacturing sites and is committed to building
strong relationships with the community in Licking County and
beyond. Intel has a long-standing commitment to sustainability and
continually strives to minimize its impact on the environment. The
new site will be designed and constructed with green building
principles, and the new factories have a goal to be powered by 100%
renewable electricity and to achieve net positive water use and
zero total waste to landfill in support of Intel’s 2030
sustainability goals.
For more information on Intel’s plans in Ohio and its commitment
to the community, visit the Intel Ohio web page.
Intel Foundry Services Momentum
In addition to providing capacity for Intel’s leading-edge
products, these new factories will support growing demand for the
company’s new foundry business, Intel Foundry Services (IFS).
“With IFS, Intel is opening its factory doors wide to serve the
needs of foundry customers around the globe – many of whom are
looking for more geographical balance in the semiconductor supply
chain,” said Dr. Randhir Thakur, senior vice president and
president of Intel Foundry Services. “The Ohio factories are
designed for the ‘Angstrom era,’ with support for Intel’s most
advanced process technologies, including Intel 18A. These
technologies are critical for enabling next-generation foundry
customer products across a range of applications, from
high-performance mobile to artificial intelligence.”
The Ohio site will also provide leading-edge process technology
to support the U.S. government’s unique security and infrastructure
needs.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
Forward-Looking Statements
Statements in this press release that refer to future plans and
expectations, including with respect to Intel’s manufacturing
expansion and investment plans in Ohio, are forward-looking
statements that involve a number of risks and uncertainties. Words
such as “anticipates,” “expects,” “intends,” “goals,” “plans,”
“believes,” “seeks,” “estimates,” “continues,” “may,” “will,”
“would,” “should,” “could,” and variations of such words and
similar expressions are intended to identify such forward-looking
statements. Statements that refer to or are based on estimates,
forecasts, projections, uncertain events or assumptions, including
statements relating to the anticipated benefits of Intel’s planned
Ohio investments, including with respect to meeting future demand
and future capacity expansion; anticipated supplier, ecosystem,
community, and government support for Intel’s planned Ohio
investments and anticipated benefits related to such support;
additional future site investments and the timing of such
investments; anticipated construction and production timing for
Intel’s planned factories; future products and technology and the
availability and benefits of such products and technology,
including future transistor technology; environmental plans for
Intel’s factories, including regarding energy use, water use, and
waste; and anticipated trends in our businesses or the markets
relevant to them, also identify forward-looking statements. Such
statements are based on current expectations and involve many risks
and uncertainties that could cause actual results to differ
materially from those expressed or implied in these forward-looking
statements. Important factors that could cause actual results to
differ materially include, among others, Intel’s failure to realize
the anticipated benefits of its strategy and plans; construction
delays or changes in plans due to business, economic, or other
factors; increases in capital requirements and changes in capital
investment plans; adverse changes in anticipated government
incentives and investment related to Intel’s planned Ohio
investments; adverse legislative or other government actions;
insufficient ecosystem support; and the factors set forth in
Intel’s SEC filings, including the company’s most recent reports on
Forms 10-K and 10-Q, which may be obtained by visiting our Investor
Relations website at www.intc.com or the SEC’s website at
www.sec.gov. Intel does not undertake, and expressly disclaims any
duty, to update any statement made in this press release, whether
as a result of new information, new developments or otherwise,
except to the extent that disclosure may be required by law. ©
Intel Corporation. Intel, the Intel logo, and other Intel marks are
trademarks of Intel Corporation or its subsidiaries. Other names
and brands may be claimed as the property of others.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
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Jason Gorss 1-518-698-7765 jason.gorss@intel.com Lisa Malloy
1-202-270-7600 lisa.malloy@intel.com
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