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Chicago & Midwest  + Midwest  + Industrial  |  January 23, 2022
Intel's $20-billion development of chip factories will be the largest private-sector investment in Ohio history
Paul Bubny
By: Paul Bubny

Intel Plans $20B Investment in Columbus-Area Chip Factories

Intel said it would invest more than $20 billion to build new chip factories in New Albany, OH, near Columbus. The Buckeye State will be home to Intel’s first new manufacturing facility in 40 years, which represents the largest single private-sector investment in Ohio history. 

The investment is expected to attract dozens of ecosystem partners and suppliers needed to provide local support for Intel’s operations. Intel pledged an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region. 

“Advanced manufacturing, research and development, and talent are part of Ohio’s DNA, and we are proud that chips – which power the future – will be made in Ohio, by Ohioans,” said Ohio Gov. Mike DeWine. 

Planning for the first two factories will start immediately, with construction expected to begin late in 2022. Production is expected to come on line in 2025. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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