Cleveland, OH
President Biden travels to Ohio as Intel breaks ground on $20B semiconductor site
CLEVELAND, Ohio (WOIO) – President Joe Biden joined Ohio Gov. Mike DeWine and Intel executives in Licking County on Friday morning for a ceremony celebrating the corporate’s historic semiconductor manufacturing web site.
Two state-of-the-art manufacturing factories, an funding of $20 billion, will likely be in-built central Ohio by 2025, in accordance with Intel.
The groundbreaking occasion got here roughly one month after Biden signed the CHIPS and Science Act into regulation.
The chips that will likely be manufactured on the plant can be utilized in varied merchandise, together with cell telephones, home equipment, and automobiles.
Though the services will likely be positioned in Licking County, the influence is predicted to be felt statewide.
An estimated $2.8 billion is predicted to be added to the state’s annual gross product, the governor’s workplace mentioned.
The venture is the most important single non-public sector firm funding in Ohio’s historical past.
Licking County is roughly 35 miles northeast of Columbus.
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