Intel announced it would build the “largest silicon manufacturing location on the planet” here in the United States, on a 1,000-acre plot of land in New Albany, Ohio.
Hours later, President Biden, Ohio governor Mike DeWine, US Secretary of Commerce Gina Raimondo, Intel CEO Pat Gelsinger, and other executives and local officials suggested the up-to-$100 billion development could be a panacea for a wide variety of issues, too — including global competitiveness, national security, the chip shortage, the high price of cars, racial and gender gaps in STEM employment, even inflation itself.
It could become Ohio’s version of California’s Silicon Valley, several suggested. The phrase “Silicon Heartland” was uttered at least eight times across two livestreams.
WHAT IS INTEL ACTUALLY PROMISING IN OHIO?
To Intel’s credit, its own statements on the subject have been fairly clear: it’s a $20 billion initial investment in two fabs (short for fabrication plants; they typically produce silicon wafers), with construction beginning in late 2022 and the facility expected to open in late 2025.
Intel is also giving itself a decade to spend $100 million on education — “to help develop and attract a pipeline of skilled talent from within the region” — while promising approximately 3,000 Intel jobs, 7,000 construction jobs, and that 140 existing Ohio companies will do business with Intel as suppliers. Intel suggests the average annual salary at its facilities will be $135,000.
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