Chipmaker Intel Details $100 Million Education Investment | Ohio News


COLUMBUS, Ohio (AP) — Chipmaker Intel said Thursday it will invest $50 million in Ohio higher education initiatives targeting the semiconductor industry and partner with the U.S. National Science Foundation, which will provide An additional $50 million for research grants nationwide.

Details of the education funding follow the company’s announcement in January that it will invest $20 billion in semiconductor production in Ohio, a bid to help ease a global shortage of chips that power everything from phones to cars. and appliances. It is the largest private sector investment in Ohio history.

Construction of two factories is expected to begin this year and production will come on line by the end of 2025. Total investment could exceed $100 billion over the decade, with six additional factories to come.

To win the project, Ohio offered Intel some $2 billion in incentives, including a 30-year tax break.

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Chipmaker Intel Details $100 Million Education Investment | Ohio News 41 ? a

“At Intel, we strongly believe that investing in education is necessary to ensure we have the right talent to support our growth and help the US regain leadership in semiconductor manufacturing,” said Christy Pambianchi, executive vice president of Intel, it’s a statement.

Pambianchi, other Intel executives, Republican Ohio Governor Mike DeWine and Lt. Governor Jon Husted planned to detail education funding Thursday in Columbus.

Ohio’s $50 million investment includes the creation of a semiconductor research and education program at all state institutions, the company said.

NSF’s $50 million investment will provide $5 million in national grants over 10 years to researchers who enhance STEM education at two- and four-year colleges and advance research on semiconductor design and manufacturing, according to Intel.

The two planned factories on a 1,000-acre site in Licking County, just east of Columbus, are expected to create 3,000 company jobs, many of them highly skilled, and 7,000 construction jobs.

Intel CEO Patrick Gelsinger said he hopes the Ohio site will also supply specialty chips for automobiles, a priority for American consumers and officials, and other products such as mobile devices.

The US share of the global chipmaking market has fallen from 37% in 1990 to 12% today, according to the Semiconductor Industry Association, and shortages have become a potential risk.

Intel is the world’s second-largest semiconductor maker with $73.1 billion in revenue last year, behind South Korea’s world leader Samsung Electronics with $76 billion, according to market analysis by Gartner Inc.

Central Ohio, long known for a largely white-collar workforce in banking and insurance, has added high-tech jobs in recent years, with Amazon, Facebook and Google building data centers in the region. .

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