Report Outlines Progress of Intel Project in Ohio
COLUMBUS, Ohio – A new report outlines Intel Corp.’s progress on its two new semiconductor manufacturing facilities in Licking County.
The report, prepared by Intel and submitted to the Ohio Department of Development, shows that the company has spent approximately $1.5 billion through Dec. 31, 2023. With an additional $3 billion contractually committed, this brings the total committed investment by Intel in Ohio to $4.5 billion to date, a news release states.
“The state’s agreement with Intel includes the requirement for an annual report outlining its progress and the resulting impact on Ohio’s economy and workforce,” Gov. Mike DeWine said. “Transparency is always important, and we believe the public should be kept well-informed on the statewide impact of this transformative project.”
As of Dec. 31, 2023, Intel had 69 employees from 14 Ohio counties working at the project site, and construction workers from 75 of Ohio’s 88 counties have contributed to the project to date.
Intel’s Ohio supplier footprint has grown from approximately 150 Ohio suppliers when the project investment was announced to more than 350 current Ohio suppliers across 47 counties in the state. Among the top suppliers are Bechtel Construction, Gilbane Building Co. and Linde.
In addition to the semiconductor manufacturing facilities, Intel has been moving forward with design and engineering plans for its office building, water treatment and reclamation facility and an air separation unit on-site. Intel projects both chip factories to be completed between 2026 and 2027 and operational between 2027 and 2028.
“Construction logistics are quite amazing,” Lt. Gov. Jon Husted said. “Barges of equipment are coming up the Ohio river, getting offloaded in Adams County. And then the organization of enormous truckloads of equipment making their way to Licking County adds to the billions invested already by the company and the growing number of Ohio-based suppliers.”
Click HERE to download the report.
Pictured at top: An artist rendering of the Intel project in Ohio. (JobsOhio)
Published by The Business Journal, Youngstown, Ohio.
