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Intel to Invest at Least $20 Billion in New Chip Factories in Ohio

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Intel has selected Ohio for a new chip manufacturing complex that would cost at least $20 billion, ramping up an effort to increase U.S. production of computer chips as users grapple with a lingering shortage of the vital components.Intel said on Friday that the new site near Columbus would initially have two chip factories and would directly employ 3,000 people, while creating 7,000 short-term construction jobs and tens of thousands of permanent positions at suppliers and partners.Patrick Gelsinger, who became Intel’s chief executive last year, has rapidly increased the company’s investments in manufacturing to help reduce U.S. reliance on foreign chip makers while lobbying Congress to pass incentives aimed at increasing domestic chip production. He said that Intel hoped to invest as much as $100 billion over a decade to build up to eight factories on the Ohio campus, linking the scope and speed of that expansion to expected federal grants if Congress approves a sp …

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