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Semiconductors

Intel plans $20bn 'megasite' in Ohio in chip race with TSMC

1,000-acre plot has potential for 8 factories, CEO Gelsinger says

A rendering of two planned Intel chip fabrication factories, or fabs, in Licking County, Ohio. (Photo courtesy of Intel)

PALO ALTO, U.S. -- Intel announced Friday an investment of more than $20 billion to build two new chip plants in the U.S. state of Ohio as competition heats up with Taiwan Semiconductor Manufacturing Co. and Samsung Electronics, which have each committed billions of dollars to capacity expansion this year.

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