Intel Plans $28 Billion Investment to Build World's Largest Chip Factory in Ohio

May 2, 2024, 02:14 AM

Intel is investing $28 billion in an ambitious project to transform Ohio into a major hub for semiconductor manufacturing. This investment marks a significant strategic shift for the company, which has faced a decade of competitive challenges. The plan includes constructing what is set to be the world's largest chip factory. Intel's previous major project, Fab 42 in Arizona, broke ground in 2011 and was completed in 2013 but remained idle for seven years due to the company's struggles.