Biden Scheduled to Appear at Intel’s $20 Billion Semiconductor Plant Groundbreaking in Ohio
President Joe Biden is scheduled to visit Ohio on Sept. 9 when Intel Corporation breaks ground on its $20 billion semiconductor fabrication facility, which is the state’s largest-ever economic development project.
Ohio Republican Governor Mike DeWine, who is seeking reelection; and Ohio Democratic Rep. Tim Ryan, who is running for U.S. Senate against Donald Trump-endorsed J.D. Vance, have said they will attend.
Retiring Republican Sen. Rob Portman, whose seat Vance and Ryan are vying to fill, is also slated to be there.
DeWine has repeatedly skipped Trump’s visits to Ohio while Ryan has not appeared at Biden’s previous 2022 stops to the state, though congressional voting records show he has voted with the president 100 percent of the time.
Rep. Tim Ryan (D-Ohio) speaks during an event at the Duke Energy Convention Center in Cincinnati, Ohio, on Oct. 13, 2019. (Duane Prokop/Getty Images for Wellness Your Way Festival)
Intel said that the facility will include two factories, open in 2025, employ 3,000 people, and provide an average salary of around $135,000.
Over the next decade, the company’s total investment could eclipse $100 billion with six additional fabrication facilities, according to Intel CEO Patrick Gelsinger.
To land the project, Ohio offered Intel around $2 billion in incentives, including a 30-year tax break, infrastructure funding, and grants. Intel has allocated $150 million in educational funding to expand the semiconductor industry across the region and the country.
The facility will be located in New Albany, east of Columbus.
At the groundbreaking, Biden is expected to talk about the CHIPS and Science Act, which he signed in August.
The $280 billion measure provides more than $52 billion in grants and additional incentives for American computer chip producers to build U.S.-based manufacturing plants. It offers a 25 percent tax credit to companies that invest in
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...