The megaproject, which will be the largest single private sector company investment in Ohio?s history, will generate more than 20,000 jobs in the state, including 3,000 direct Intel jobs earning an average of $135,000 per year (plus benefits), 7,000 construction jobs over the course of the build, and tens of thousands of additional indirect and support jobs including contracted positions, electricians, engineers, and jobs in restaurants, healthcare, housing, entertainment and more. The project is expected to add $2.8 billion to Ohio?s annual gross state product.
The initial manufacturing facilities (known in the industry as FABs or foundries) will be located on a 926-acre site in Licking County. But the impact will be statewide. More than 140 existing Ohio businesses across the state are already Intel suppliers, and the project is expected to bring additional new businesses to Ohio to support the supply chain. The success of these companies will create new jobs, fuel growth in other key Ohio industry sectors, and position Ohio at the center of America?s industrial innovation.
?Today?s announcement is monumental news for the state of Ohio,? said Governor 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.??
?We are excited to call Ohio home to Intel?s first new manufacturing site in 40 years,? said Pat Gelsinger, Intel CEO. ?Today, we take an important step toward our goal to rebalance global chipmaking capacity and help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products. The new factories we?ll build in Ohio are part of our strategy to increase semiconductor R&D and global manufacturing capacity and restore U.S. semi manufacturing leadership.?We expect Intel Ohio will become one of the largest semiconductor manufacturing sites in the world over the next decade.???
In 1990, the United States was a world leader in chip production, dominating nearly 40% of the world?s production capacity. In 2020, our nation?s share fell to only 12% and is projected to slide to just 10% by 2030 if the U.S. doesn?t act. The confluence of geopolitical tensions and pandemic disruptions starkly exposed this danger to the U.S. economy: decades of offshoring the manufacturing of chips ? a foundational technology that makes modern life possible ? to Asia has stagnated innovation and left the U.S. vulnerable to supply chain disruptions that have crippled major sectors of our national and state economy, and harmed businesses and consumers.
?Just as candles gave way to light bulbs, carriages gave way to cars, and now engines to battery packs, we must continue to attract the businesses and jobs of the future to make sure Ohioans, their children, and their grandchildren can prosper here,? said Lt. Governor Jon Husted. ?With the project announced today, we are establishing an entirely new industry sector that currently does not exist in our state, and along with it, we are rebuilding for America a sustainable, resilient domestic supply chain of semiconductors, which is critical to our national and economic security.?
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