Why it matters
The semiconductors context.
Semiconductor fabrication plants, known as fabs, rank among the most capital-intensive industrial facilities ever built—often requiring $10–$30 billion and several years from groundbreaking to initial production. The CHIPS and Science Act of 2022 accelerated a U.S. construction cycle spanning advanced chip fabrication, legacy-node production, semiconductor equipment, packaging, and critical materials. These projects create long-term manufacturing footprints while attracting suppliers, infrastructure investment, and specialized technical work.
Project record
At a glance
- Company
- Intel
- Industry
- Semiconductors
- Location
- New Albany, Ohio
- Investment
- $28.00B
- Permanent jobs announced
- 3,000
- Status
- Under Construction
- Announced
- Jan 21, 2022
- Expected opening
- Jun 1, 2026
- Added to tracker
- Apr 15, 2025
Sources
Official references
- Primary source https://www.intc.com/news-events/press-releases/detail/1521/intel-announces-next-us-site-with-landmark-investment-in
Related
Other projects to know
In Ohio
Across Semiconductors
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