Intel Invests $28 Billion in Ohio Chip-Making Campus

Intel is betting big on Ohio as a global hub for chip manufacturing, investing a staggering $28 billion in its video, shows, billion Ohio One campus project. The nearly four-minute video released by the company offers a glimpse into the future of the area surrounding the two planned factories, showcasing wetlands, pollinator plants, and thousands of native trees that will provide biodiverse habitats for plants and wildlife.

Why this matters: This massive investment has the potential to transform Ohio's economy and job market, making it a major player in the global chip-making industry. As the demand for chips continues to grow, Intel's commitment to establishing a hub in Ohio could have far-reaching implications for the region's development and the global tech industry.

The Ohio One campus project, which broke ground in September 2022, is expected to take around five years to complete. As of 2023, Intel has already spent $1.5 billion and committed an additional $3 billion towards the project. The supplier network has grown significantly, increasing from 150 to 350 in Ohio alone. Currently, there are 1,400 construction workers on site, working diligently to bring the campus to life.

The campus will feature an array of amenities and environmentally friendly features. Raised berms along the outside will be accompanied by a path surrounded by native plants leading to the factories. The area outside the factories will offer recreational activities such as volleyball courts. The entire campus will be enclosed by a white New Albany fence, similar to those seen throughout the city, creating a cohesive aesthetic.

Intel's commitment to environmental sustainability is evident in its "Earth Month" newsletter, released in April, which highlights the company's dedication to the environment, water, energy conservation, and renewable energy. "Intel is Betting $28 Billion on Making Ohio a Global Chips Capital," said Max Chafkin, Bloomberg Businessweek Senior Reporter, underscoring the magnitude of Intel's investment and its potential impact on Ohio's economy and job market.

Intel's $28 billion investment in the Ohio One campus is a significant step towards establishing Ohio as a major player in the global chip-making industry. With a focus on environmental sustainability, community development, and job creation, the project is poised to transform the region and solidify Intel's position as a leader in the highly competitive chip manufacturing market.

Key Takeaways

• Intel invests $28 billion in Ohio's One campus project, a global hub for chip manufacturing.
• The project will transform Ohio's economy and job market, making it a major player in chip-making.
• The campus will feature environmentally friendly features, including wetlands and native trees.
• Intel has already spent $1.5 billion and committed $3 billion more to the project, with 1,400 construction workers on site.
• The project is expected to take 5 years to complete, with a focus on sustainability, community development, and job creation.