Intel broke ground on a site in Ohio that will house a $20 billion semiconductor manufacturing campus on Friday.
The construction and opening of the campus will generate 7,000 union construction jobs and 3,000 full-time positions with an average annual salary of $135,000. Not all of these positions will require a bachelor’s degree.
In August, in the presence of Intel, Micron Technology, IBM, Lockheed Martin, HP Inc., and AMD executives, Vice President Biden signed the bipartisan $280 billion CHIPS Act to stimulate domestic high-tech manufacturing.
According to Licking County, Ohio records, the Santa Clara, California-based tech giant purchased 750 acres for its semiconductor campus for approximately $111 million through its subsidiary Growth Site LLC. The property consists of parcels on Clover Valley Road and Green Chapel Road.
Kent Tibbils, vice president of marketing at ASI, a national distributor of IT hardware and software products based in Fremont, California, stated that any investment in U.S. manufacturing is positive, particularly for semiconductors.
“These factories represent long-term, highly skilled job growth across a broad range of industries, including construction, logistics, manufacturing equipment costing millions of dollars per machine, and many others,” he wrote in an email.”The most significant implication for the distribution channel is that the diversification of manufacturing in various geographies will strengthen the supply, improve delivery, and ultimately accelerate the release of new technology.”
Gelsinger stated that the CHIPS Act was the most significant piece of industrial policy legislation passed by Congress since World War II.
The CHIPS and Science Act and the Bipartisan Infrastructure Act enabled construction. Intel stated that investing in revitalizing the U.S. chipmaking ecosystem will yield a wide range of economic benefits while restoring balance, dependability, and resilience to the global semiconductor supply chain.
