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Friday, September 22, 2023

Massillon Business Review: Intel to build $20B Semiconductor Factory in Central Ohio

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It’s no secret that Ohio is campaigning for more industry to re-locate their operations to the buckeye state. Moreover, a campaign has been deployed in several states across the country by JobsOhio.com with focus on informing decision makers that, “Ohio has a 0% state tax on corporate income, R&D investments, and goods & products sold out of state.”

Don’t believe me? Here is a picture taken in Boston, Massachusetts in late 2021.

Wicked smaht, you say? Well, apparently Intel Corporation (NASDAQ:INTC) agrees.

A report from Andrew J. Tobias from Cleveland.com reports, “Intel is the company that has decided to build a major new computer-chip factory in the Columbus, Ohio area in what could be the largest economic development project in state history, according to sources.”

Image Source: City of New Albany

The factory will span across 3,190 acres of land in New Albany and will employ 3,000 workers. Currently, a mere 12% of the world’s semiconductors are manufactured in the U.S. This new factory is not only a great economic development for Ohio, but also a big step in the right direction for U.S technology manufacturing.

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