President Biden applauds Intel’s proposed semiconductor chip factory in Ohio

“This is a truly historic investment in America and American workers,” Biden said at the White House, where he spoke alongside Intel’s CEO. “This historic investment for Ohio, one of the largest investments in semiconductor manufacturing in American…

“I want other cities and states to be able to make announcements like the one being made here today,” Biden said Friday at the White House, flanked by Intel CEO Pat Gelsinger. “And that’s why I want to see Congress pass this bill right away and get it to my desk.

President Biden

President Joe Biden on Friday applauded a newly announced Intel semiconductor chip factory outside Columbus as “a truly historic investment in America and American workers,” that will help restore the industrial Midwest and “shows the world we’re always going to fight for American workers.”

Construction will begin on a pair of factories in the Columbus area later this year and should finish in 2025. The $20 billion project will employ 3,000 workers and is expected to support jobs for an additional 17,000 people in fields like construction, engineering, entertainment and restaurants, according to state officials.

Intel says it eventually plans to expand the project when it’s fully built out in 10 years. It could result in an additional $100 billion investment in Ohio that the company says would make it one of the largest semiconductor manufacturing sites in the world. Workers at the new plant will make an average of $135,000 a year, according to state officials.

Cleveland.com

Full presser below:

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