Intel plans $28B investment in Ohio for two new semiconductor factories, aiming to compete with TSMC.

Intel has announced plans to invest over $28 billion to construct two new semiconductor factories in Ohio, aiming to enhance its foundry business and compete with Taiwan Semiconductor Manufacturing Company (TSMC). This investment, the largest in Ohio's private sector history, is expected to generate 3,000 Intel jobs and support tens of thousands of additional local jobs. The move is part of CEO Pat Gelsinger's strategy to revitalize the company amid a challenging year.

October 25, 2024
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