coming online at the end of 2025. Total
investment could top $100 billion over the
decade, with six additional factories down
the road.
To win the project, Ohio offered Intel roughly
$2 billion in incentives, including a 30-year
tax break.
The U.S. share of the worldwide chip
manufacturing market has declined from
37% in 1990 to 12% today, according to the
Semiconductor Industry Association, and
shortages have become a potential risk.
The investments spelled out Thursday are an
effort to help address that manufacturing
disparity, said Christy Pambianchi, Intel
executive vice president and chief people officer.
“We are today making a substantive investment
to help catapult the U.S. back to a leading
position not only in invention, innovation,
manufacture and production, but also the
generation of that future workforce that we all
want,” she said during an event at Columbus
State Community College.
Intel’s $50 million investment in Ohio includes
the creation of a semiconductor education
and research program across state institutions,
including the expansion and diversification of
STEM education, the company said. Similarly,
an additional $50 million investment by the
company will support the development of two-
and four-year college semiconductor research
curriculums and programs nationally.
The $50 million NSF match investment will
provide $5 million in national grants for 10 years
for researchers improving STEM education at
two- and four-year universities and advancing