Its latest US investment.
Intel wants it to become “the largest silicon manufacturing location on the planet”
Expanding into a state without an existing chip manufacturing presence brings challenges, like acquiring the correct permits, raw materials and supplies, and production machines, thenotes. But New Albany is known for its inexpensive land, and any manufacturing plant could benefit from engineering graduates at nearby Ohio State University.
Intel’s search for its new manufacturing hub reportedly saw states competing for the huge economic opportunity a new plant represents.reports that at least one other state offered more subsidies, but Ohio was a better regulatory fit and Intel didn’t want to displace current residents. It’s a marked contrast from Amazon’s hyper-competitive bidding process that eventually awarded a second HQ to New York, whichA render of the planned factories.
for the chip industry last June which would offer grants to companies building new US factories, but it is yet to pass through the House. Intel’s competitors TSMC and Samsung have announced new US-based manufacturing investments of their own in
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