Intel to invest up to $100 billion in Ohio chip plants


FILE PHOTO The Intel Corporation logo is seen on a display in a store in Manhattan New York City November 24 2021. REUTERSAndrew Kelly

FILE PHOTO: The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, November 24, 2021. REUTERS/Andrew Kelly

WASHINGTON/SAN FRANCISCO (Reuters) -Intel Corp said on Friday it would invest up to $100 billion to build potentially the world's largest chip-making complex in Ohio, as it looks to boost capacity amid a global shortage of semiconductors used in everything from smartphones to cars.

The move is part of Chief Executive Officer Pat Gelsinger's strategy to restore Intel's dominance in chip making and reduce America's reliance on Asian manufacturing hubs, which have a tight hold on the market.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In