Intel Building $20B Ohio Chip Facility Amid Global Shortage

Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games.

  • Published
FILE - In this Oct. 1, 2019, file photo the symbol for Intel appears on a screen at the Nasdaq MarketSite, in New York. Intel Corp. is planning an initial investment of more than $20 billion for two semiconductor chip plants in central Ohio to help address a global shortage of semiconductor chips. The plants are 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. (AP Photo/Richard Drew, File)
Image via AP Photo/Richard Drew

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

COLUMBUS, Ohio (AP) — Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games. After years of heavy reliance on Asia for the production of computer chips, vulnerability to shortages of the crucial components was exposed in the U.S. and Europe as they began to emerge economically from the pandemic. The U.S. share of the worldwide…

Read at AP News