New Facility Will Mean $20 Billion Investment; Investment Will Help Eliminate Semiconductor Shortages, Speed Supply Chains, and Better Compete With China
NEW ALBANY, OH – U.S. Sen. Sherrod Brown (D-OH) joined President Biden, Intel CEO Pat Gelsinger, Commerce Secretary Gina Raimondo and Senator Rob Portman to announce Intel will build a $20 billion semiconductor plant in New Albany which is expected to create 10,000 jobs. The plant will establish a long-term, reliable source of semiconductors, which are essential to U.S. economic competitiveness and national security. It also will support critical Ohio industries, like the auto industry and other high-tech manufacturing.
“Today, we are burying the term ‘rust belt.’ Intel’s record investment in our state confirms what we already know: Ohio workers represent the vibrant, dynamic workforce who will lead our country into the future,” said Brown. “This plant will mean 10,000 new, good-paying jobs, and it will position Ohio as the national leader in this critical, growing industry. We know how to speed up our supply chains, lower prices, and better compete with China: make more things in America – and there’s no better place to do it than Ohio.”
Senator Brown was joined in his praise of Intel’s announcement by U.S. Secretary of Commerce Gina Raimondo and Deputy Secretary of Commerce Don Graves.
“I’d like to applaud Intel for this investment in our country and in the State of Ohio. Intel’s work is essential to our efforts to rebuild America’s chip building capacity and create the kinds of good-paying jobs that support a vibrant American economy,” said Secretary Raimondo. “Other countries aren’t waiting and every day we wait, we fall further behind. As Commerce Secretary, I want those jobs and those investments here in America. While we celebrate Intel’s announcement today, it is more essential than ever that Congress move swiftly to pass the President’s proposed $52 billion in funding for domestic semiconductor production as part of legislation similar to the U.S. Innovation and Competition Act.”
“The United States was once a leader in the production of semiconductor chips. But today, we account for only 12% of global production. This administration is proud of Intel’s work to bring these good-paying manufacturing jobs to Central Ohio,” said Deputy Secretary Graves. If we are serious about increasing American competitiveness, protecting our economic security, and hitting President Biden’s electric vehicle goals, it is imperative that we reinvest in this critical industry. This project is a crucial step in growing America’s domestic chip manufacturing capacity.”
Read Sec. Raimondo’s and Deputy Sec. Grave’s full statements HERE.
Read more about the Biden-Harris administration’s work to bring the semiconductor manufacturer to Ohio HERE.
Brown worked with local and state leaders and other members of Ohio’s Congressional delegation to ensure that Intel chose Ohio for what will be its most advanced manufacturing facility in the world. This project will help reverse decades of offshoring American manufacturing. Currently, 75 percent of chip manufacturing capacity is in Asian countries – mainly Taiwan, South Korea, Japan, and China, but with this facility, chips will become a major Ohio export.
Brown has worked for decades to build an economy that encourages investment in the United States, especially the expansion of domestic manufacturing. To spur domestic semiconductor production, he supported the creation of the CHIPS for America programs and helped write the U.S. Innovation and Competition Act, which would provide $52 billion for the CHIPS Act.
“Our competitors, like China, spend billions subsidizing research and development, and they take our ideas and use them to compete – and sometimes cheat – against American workers and businesses,” said Brown. “Our country needs to take this important, bipartisan step to ensure the next generation of technology and economic growth will be developed in America, and put Ohioans to work at good paying jobs.”