Intel is aggressively expanding its operations with a significant investment aimed at revamping its competitive stance in the global semiconductor industry. The company's CEO announced plans to grow the foundry market from $110 billion to $240 billion by 2030, positioning Intel to become the largest system foundry for the AI era and the second-largest overall. Intel is committing $28 billion to develop Ohio into a major hub for chip manufacturing, which includes the construction of what could be the world's largest chip factory, dubbed Ohio One. This initiative follows years of being outpaced by competitors and is supported by the Biden administration. Notably, Intel's previously opened plant, Fab 42 in Arizona, which broke ground in 2011 and was completed in 2013, sat idle for 7 years as the company struggled.
Intel has been struggling lately to catch up to foreign competitors. The company is betting big on multiple new factories and assistance from the Biden administration. @chafkin explains https://t.co/4Mo5oUnYyq https://t.co/5I44RDFKsI
Intel has been struggling lately to catch up to foreign competitors. The company is betting big on multiple new factories and assistance from the Biden administration. @chafkin explains https://t.co/X0EXiew3kJ https://t.co/aCEsAEFjUM
Intel has been struggling lately to catch up to foreign competitors. The company is betting big on multiple new factories and assistance from the Biden administration. @chafkin explains https://t.co/N7O0iPGitp https://t.co/3aTIAvcE1k
Intel has been struggling lately to catch up to foreign competitors. The company is betting big on multiple new factories and assistance from the Biden administration. @chafkin explains https://t.co/n0wwgEfEY2 https://t.co/KVGMP1XYCw
$INTC (+1.6% pre) Intel Bets $28 Billion Comeback on High-Tech US Chip Designs - BBG https://t.co/JzuHpgJ8dr
A look at Intel's efforts to build Ohio One, a "mega fab" that could become the world's largest chip factory and for which the company has committed $28B (Bloomberg) https://t.co/v2y6tBBr3B 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/pERpJ0fnHy
NEW: After a decade of being overshadowed by competitors, Intel is making a $28 billion comeback bet on building Ohio into a global chips capital. Read the Big Take here https://t.co/HeXAjmHvst
Intel’s most recently opened plant — Fab 42 in Arizona — broke ground in 2011, was completed in 2013 & sat idle for 7 years as the company struggled Now the firm wants to build the biggest chip factory on earth in Ohio Read @chafkin & @ianmking on what that’ll take ⬇️ https://t.co/ggdJffeLPl
After a decade of being overshadowed by competitors, Intel is making a $28 billion comeback bet on building Ohio into a global chips capital https://t.co/cpkzE99yKv
$INTC CEO: "The foundry market is expected to grow from $110B today to $240B by 2030...Given this backdrop, we have clear line-of-sight to becoming the largest system foundry for the AI era and the second-largest overall by 2030"