By Deba Uwadiae
Intel has named the site for its first advanced semiconductor campus in the Midwest: “Ohio One.” This is coming one year since Intel announced plans to invest an initial $20 billion in the construction of two new leading-edge chip factories in New Albany, Ohio.
“The name is a nod to the state’s long and storied history in manufacturing and its track record of producing firsts, from the Wright brothers, who grew up in Ohio and first envisioned their historic planes here, to John Glenn, the first man ever in orbit, and Neil Armstrong, the first man on the Moon. Ohio,” according to a statement by Linda Qian, Intel Communications & Media Relations Director, and Jen Detwiler of Steiner Public Relations
“One brings a new epicenter of leading-edge technology innovation to Ohio, the Midwest, and America.”
Meanwhile, Intel Corporation has announced that Frank D. Yeary has been appointed as the new independent chair of its board of directors. This follows Dr. Omar Ishrak’s decision to step down as chair. Ishrak will remain on Intel’s board as an independent director and continue to serve on the audit and finance committee and corporate governance and nominating committee.
“I’m pleased to welcome Frank as chair of Intel’s board. His expertise in unlocking stockholder value, focus on corporate governance and familiarity with Intel are powerful assets to both the board and the company as we execute our strategy,” said Pat Gelsinger, CEO of Intel.
“I also want to thank Omar for his tremendous contributions as chair. He was instrumental in bringing me back to the company as CEO and has fostered a high impact working dynamic across the board and management team. I look forward to his continued service as a valued member of the board.”
Intel is investing more than $20 billion in the construction of two new leading-edge chip factories in Licking County, Ohio.
The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of Intel’s IDM 2.0 strategy.
As the largest single private-sector investment in Ohio history, the initial phase of the project is expected to create 3,000 Intel jobs, 7,000 construction jobs over the course of the build, and support tens of thousands of additional local long-term jobs across a broad ecosystem of suppliers and partners.
To support the development of the new site, Intel pledged an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.
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