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A rendering shows early plans for two new leading-edge Intel processor factories in Licking County, Ohio. Announced on Jan. 21, 2022, the $20 billion project spans nearly 1,000 acres and is the largest single private-sector investment in Ohio history. Construction is expected to begin in late 2022, with production coming online at the end of 2025. (Credit: Intel Corporation)

There has been lots of talk about bringing semiconductor fab back into the U.S. and Intel is making moves.

Intel today announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio.

The U.S. government has been trying a variety of levers to incentivize this type of development.

“This project is a crucial step in growing America’s domestic chip manufacturing capacity,” Deputy Secretary of Commerce Don Graves said in a separate statement.

Gelsinger said without government funding “we’re still going to start the Ohio site. It’s just not going to happen as fast and it’s not going to grow as big as quickly.”

According to Intel:

As the largest single private-sector investment in Ohio history, the initial phase of the project is expected to create 3,000 Intel jobs and 7,000 construction jobs over the course of the build, and to support tens of thousands of additional local long-term jobs across a broad ecosystem of suppliers and partners. Spanning nearly 1,000 acres in Licking County, just outside of Columbus, the “mega-site” can accommodate a total of eight chip factories – also known as “fabs” – as well as support operations and ecosystem partners. At full buildout, the total investment in the site could grow to as much as $100 billion over the next decade, making it one of the largest semiconductor manufacturing sites in the world.

Read the whole announcement here.