Intel to Invest Over $28 Billion in New Chip Factories in Licking County, Creating 3,000 Jobs

Oct 25, 2024, 01:32 PM

Intel Corporation has announced plans to invest over $28 billion in the construction of two new chip factories in Licking County, Ohio. This significant investment is part of the company's broader expansion strategy aimed at increasing its manufacturing capacity. The project is expected to create approximately 3,000 jobs at Intel in its initial phase, contributing to local economic growth. The investment underscores Intel's commitment to strengthening its position in the semiconductor industry amidst rising demand for chip production.