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Intel to build “world’s largest fab” in Ohio

UNCjigga

UNCjigga

Lifer
Wisconsin, where ya at???

www.theverge.com

Intel selects Ohio for ‘largest silicon manufacturing location on the planet’

Its latest US investment.
www.theverge.com www.theverge.com

Chip manufacturer Intel will spend at least $20 billion on a new chip manufacturing site in New Albany, near Columbus, Ohio, the company announced today. The 1,000-acre location will initially play host to two chip factories, and is set to directly employ at least 3,000 people and “tens of thousands” more across suppliers and partners. Construction is reportedly due to kick off this year, with the site becoming operational in 2025.
…
Intel plans to invest up to $100 billion in the site over the next decade, as well as around $100 million in partnership with Ohio universities, colleges, and the US National Science Foundation to foster new talent.
…
Intel’s search for its new manufacturing hub reportedly saw states competing for the huge economic opportunity a new plant represents. Time reports that at least one other state offered more subsidies, but Ohio was a better regulatory fit and Intel didn’t want to displace current residents.

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This is one of those opportunities that I wouldn’t care how much in tax breaks my state offered…the payoff would be huge. Kudos to Ohio for the win. I’m sure that access to cheaper transportation hubs and a large automotive customer base played no small part in the decision.

Now because this is P&N, I’m going to argue that these types of investments seem to work out for purple states vs. red or blue states. For Blue states we know cost of land and taxes tend to be prohibitive…but any guesses as to why “pure” red states lost out???
 
Ohio has swung pretty far right since 2016 and will be that way for a generation. There are as red a state as any.
 
I'm skeptical we'll be seeing much production by 2025, but we'll see.

And yeah, Ohio was chosen for political reasons. Intel is angling for the federal government subsidies that make state tax breaks look like chump change. This could net Intel federal government and defense contracts.

IronWing said:
Good for Ohio, accelerated brain drain for Arizona.
Click to expand...

How do you figure? Intel is expanding in AZ, and TSMC is starting to build there as well.

Governments are looking at offering hundreds of billions in subsidies for chip manufacturing. The EU alone I think announced they were gonna dole out $180b over 5 years last year. The US I think has bandied around as much as $200b and that's at the current situation. I'm not sure Intel has even really started to lobby much, and they can push the American made angle hard.
 
Ohio seems like an odd choice, to me it will be challenging to get skilled engineers excited to move to Ohio.
Seems like companies over look this.
Also per a news guy I heard when Amazon was shopping for a new HQ
“No recently single wealthy guy is going to be excited living in the Midwest or south, they want CA or NYC”
 
ivwshane said:
Is this a result of the pandemic? We’ve seen what a chip shortage does to the economy.
Click to expand...

- Everyone figured out that sourcing nearly 100% of the world's silicon chips from a small island nation a 100 miles off the shores of an upcoming autocratric superpower is a bad idea.

China is not going to become some big cuddly democratic puppy and everyone is sort of waking up to that fact as if the writing hasn't been on the wall for like 40 years at this point.
 
Fanatical Meat said:
Ohio seems like an odd choice, to me it will be challenging to get skilled engineers excited to move to Ohio.
Seems like companies over look this.
Also per a news guy I heard when Amazon was shopping for a new HQ
“No recently single wealthy guy is going to be excited living in the Midwest or south, they want CA or NYC”
Click to expand...
If you like crime and taxes, I'm sure the West Coast sounds amazing.
 
brandonbull said:
If you like crime and taxes, I'm sure the West Coast sounds amazing.
Click to expand...

- Yes, spread the word. Those of us native to the west coast are tired of accommodating the tired huddled masses of the rust belt, mid-west, and deep south looking for a better economic future.

California is closed folks, go back home.
 
ivwshane said:
Is this a result of the pandemic? We’ve seen what a chip shortage does to the economy.
Click to expand...
UNCjigga said:
I think the US is also weary about sourcing 92% of our chips from Taiwan over the next several decades.

(Oh and China has been gaining influence in Malaysia too)
Click to expand...

Glad to see. It's in the national interest to bring back more chip and tech production back from Asia. We have to have domestic capability.

Also really glad it's not in fuckin Texas or Florida.
 
Fenixgoon said:
oh no, those horribly violent coastal states....
www.statista.com

Reported violent crime rate by state U.S. 2023| Statista

In 2023, the District of Columbia had the highest reported violent crime rate in the United States, with 1,150.9 violent crimes per 100,000 of the population.
www.statista.com www.statista.com

awwwww shit. looks like you were wrong again.
Click to expand...

What posters like him highlight is really their lack of world experiences. It’s the same kind of thing where people who don’t leave their own cities are often more likely to hold racist views.
 
darkswordsman17 said:
I'm skeptical we'll be seeing much production by 2025, but we'll see.

And yeah, Ohio was chosen for political reasons. Intel is angling for the federal government subsidies that make state tax breaks look like chump change. This could net Intel federal government and defense contracts.



How do you figure? Intel is expanding in AZ, and TSMC is starting to build there as well.

Governments are looking at offering hundreds of billions in subsidies for chip manufacturing. The EU alone I think announced they were gonna dole out $180b over 5 years last year. The US I think has bandied around as much as $200b and that's at the current situation. I'm not sure Intel has even really started to lobby much, and they can push the American made angle hard.
Click to expand...
The great thing in Ohio is when cities give companies tax breaks, they just make up for it by increases income taxes on the employees. Local incomes taxes are bullshit.
 
Fanatical Meat said:
Ohio seems like an odd choice, to me it will be challenging to get skilled engineers excited to move to Ohio.
Seems like companies over look this.
Also per a news guy I heard when Amazon was shopping for a new HQ
“No recently single wealthy guy is going to be excited living in the Midwest or south, they want CA or NYC”
Click to expand...
That's only important when the recently single guy is the CEO.
 
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