Technology giant Intel Corp. plans to spend $20 billion on a massive chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest silicon-manufacturing site.
The chipmaker said it will begin construction of two fabrication plants on a 1,000-acre site in New Albany, which it expects to be operational by 2025. CEO Pat Gelsinger said the Santa Clara, California-based company will use the location as a hub to research, develop and manufacture its most advanced chips and will have the option to expand to 2,000 acres and up to eight fabs.
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