Intel investment in Licking County could hit $100 billion this decade, CEO says

  • 📰 DispatchAlerts
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Intel's top executive is making the pitch for federal support for the semiconductor industry, saying it would help Intel grow in Greater Columbus.

for the nation's semiconductor industry, Intel's top executive told a Senate committee this week.

"The manufacturing operations at the Ohio site will produce chips with our most advanced transistor technologies," he said."In addition to more than 7,000 construction jobs, the fabs are expected to create 3,000 high-paying, long-term Intel manufacturing and engineering jobs ranging from factory operators and equipment technicians to engineers and business support functions, many of which do not require a 4-year college or advanced degree.

U.S. production of the world's semiconductors has fallen from 37% in 1990 to 12% today, and Gelsinger testified that forecasts show that 12% share will decline further without help. If passed, the legislation figures to speed up development in Licking County and turn the site into perhaps the largest chip-making operation on Earth, Intel has said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Would this do anything toward getting the roads fixed in Columbus? They are the worst I have ever driven on. You need a tank to be able to drive here.

They already said they had plans to go for the full size plant they can do instead of slowly expanding it

Invest in licking memorial

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 72. in BUSİNESS

Business Business Latest News, Business Business Headlines