The U.S. is getting back into computer chip domestic manufacturing:
Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games.
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.
Two chip factories on the 1,000 acre site in Licking County, just east of Columbus, are expected to create 3,000 company jobs and 7,000 construction jobs, and to support tens of thousands of additional jobs for suppliers and partners, the company and local and state officials announced Friday.
It is the largest single private-sector investment in Ohio's history, on par with an agreement in 1977 that brought Honda to central Ohio, where it now employs more than 14,000 people.
Construction is expected to begin this year, with production coming online at the end of 2025. [snip]
Intel, based in Santa Clara, Calif., announced plans last year to spend $20 billion for two new factories in Arizona...
Other semiconductor companies are willing to go forward with new facilities, but are waiting for tax credits currently under consideration to sweeten the pot (patriots!).
Having an expanded domestic capacity for manufacturing computer chips is a no- brainer, producing jobs, reducing supply chain issues and improving our national security posture.
BONUS:
President Joe Biden on Friday will urge Congress to pass legislation strengthening research and development and manufacturing for supply chains to address global semiconductor shortages, the White House tells CNN https://t.co/i8hTcTr7Ic
— CNN (@CNN) January 21, 2022
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