EDITORIAL: U.S. Sen. Sherrod Brown: Bringing manufacturing back to Ohio [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance
This new investment is all possible because we passed the CHIPS Act. It will boost Intel's initial investment, creating additional jobs and building a new regional chipmaking ecosystem, anchored by the construction of two leading-edge logic fabs and expanded leading-edge foundry capacity. For decades now, we haven't manufactured nearly enough in this country. America invented the semiconductor. Yet today, 90 percent of them are made overseas. We passed the CHIPS Act to end that, and to bring the production of semiconductor chips back home where it belongs: to America — and to Ohio. And this past week we saw the law in action. On Wednesday, we announced that Intel was chosen for additional federal investment, made possible by the CHIPS Act, that's necessary for completing this project in Ohio. This investment will create 10,000 new Ohio jobs. It will mean work for 7,000 union workers in the skilled trades over 10 years, and 3,000 workers in Intel's fabs. These chips are one
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