Intel Has Announced Plans For An Initial Investment Of More Than $28B In The Construction Of Two New Leading-edge Chip Factories In Licking County, Ohio
Portfolio Pulse from Benzinga Newsdesk
Intel has announced a $28 billion investment to build two new chip factories in Ohio, aiming to meet the growing demand for advanced semiconductors. This project is expected to create thousands of jobs and support local economic growth.
October 25, 2024 | 1:37 pm
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Intel's $28 billion investment in Ohio for new chip factories is part of its IDM 2.0 strategy to meet semiconductor demand. This move is expected to create significant job opportunities and support local economic growth.
The investment is a major step in Intel's IDM 2.0 strategy, indicating a strong commitment to expanding production capabilities. The creation of thousands of jobs and partnerships with educational institutions further supports a positive impact on Intel's growth and local economy.
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