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Intel to Invest at Least $20 Billion in U.S. Chip-Making Facility

January 21, 2022


Intel Corp. plans to invest at least $20 billion in new chip-making capacity in Ohio, according to a person familiar with the matter, bolstering the company’s semiconductor production ambitions as greater demand for digital products and a global chip shortage have amplified the need for more manufacturing.

The facility would be built near Columbus, Ohio, according to the person. It would add to Intel’s effort to expand its chip-making business that has seen the company make more than $100 billion in investment pledges over the past year.

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