Intel Announces $20 Billion Fab in Ohio

[JebKenobi]

Summary

Intel has announced plans to build 2 fabs in Central Ohio at a cost of $20 Billion. The fabs will employ 3,000 people and create numerous other jobs. Intel has the option to expand the site to 8 fabs and a total investment of $100 billion. The first chips will be coming off the line in 2025. 

 

Quotes

Quote

"The project, which will be Intel's first new manufacturing site in 40 years, eventually could involve eight factories and $100 billion in investment over the next decade including Intel and its suppliers and partners. Construction is expected to start this year, with the first chips being produced by 2025."

 

My thoughts

Yay more production capacity! It won't help the current shortage but at least there is some light at the end of the tunnel. Also as a resident of the area I am very excited to for the community getting a massive long-term investment. 

 

Sources

https://www.newarkadvocate.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/

https://www.reuters.com/technology/intel-plans-new-chip-manufacturing-site-ohio-report-2022-01-21/

[Lord Szechenyi]

I wonder how much of this is influenced by the Biden plan

[Quackers101]

delay by 2-5 years. nvm 10 years.

and is this not old news?

[PeachGr]

World understood at 2020, that we need processors... Anyway, I wonder how much money have Intel invest the past 2 years. They are building fabs everywhere (+100.000 for Linus staff LG c1 screens :D)

[DildorTheDecent]

>Ohio

Cringe

[poochyena]

With all the new fabs, I wonder if there will be a big surplus in the market in 2 or 3 years, causing prices to crash down.

[Zodiark1593]

I am building a lot of experience in manufacturing electronic devices, microsoldering, wire bonding, etc, at my new job. Wonder if it would be worth me moving out of state to one of these new fabs in a few years.

[Quackers101]

3 hours ago, poochyena said:

With all the new fabs, I wonder if there will be a big surplus in the market in 2 or 3 years, causing prices to crash down.

surplus of 5nm when everyone else moved to layered 2nm finally out of 14 and 10nm, jk.

[Video Beagle]

6 hours ago, JebKenobi said:

expand the site to 8 fabs

Is a "fab" a single machine that spits out a batch of chips? or is it a bunch of machines doing bunches?

[leadeater]

4 hours ago, Video Beagle said:

Is a "fab" a single machine that spits out a batch of chips? or is it a bunch of machines doing bunches?

Fab they actually mean the entire facility and supporting services aka the giant ass building(s). Site just means the block of land they legally own.

 

The Hillsboro Oregon site has 4 Fabs, Chandler Arizona site has 5 Fabs etc

[Vishera]

1 minute ago, leadeater said:

Fab they actually mean the entire facility and supporting services aka the giant ass building(s). Site just means the block of land they legally own.

Just like a factory  

[leadeater]

1 minute ago, Vishera said:

Just like a factory  

As yes but this is a Fab... it's different I swear 

 

 

[Heliian]

13 minutes ago, leadeater said:

As yes but this is a Fab... it's different I swear 

 

 

All I can think of when I see or hear fab is Fab Morvan.

 

 

[thorhammerz]

14 hours ago, Lord Szechenyi said:

I wonder how much of this is influenced by the Biden plan

Think of it as just a piece of America mean-reverting to the historical norm. The great dream of globalization is unwinding now that Pax Americana has no big-baddie to fight, and the evolving (i.e. rapidly aging) global demographic structure means there will be few places of demand (let alone demand driven growth) left.

 

Trump brought the issue into the conversation (even if he was by-and-large, mostly rhetoric and little follow-through action). Biden is now institutionalizing it. 

[Video Beagle]

7 hours ago, Heliian said:

All I can think of when I see or hear fab is Fab Morvan.

for me:

 

 

 

[HarryNyquist]

Dang, today I learned both Facebook AND Google are building data centers in New Albany.

The poor people in this smallish town are about to have their property values skyrocket lmao

[McRo]

New Albany is one of the richer parts of Columbus. Their property values will probably still skyrocket though

I can't wait to become a janitor for Intel in 3 years!!!

[Zodiark1593]

7 hours ago, McRo said:

New Albany is one of the richer parts of Columbus. Their property values will probably still skyrocket though

I can't wait to become a janitor for Intel in 3 years!!!

Janitors are very important to a worksite. The Architect Behind The Curtains, I like to call them. You hardly notice when they’re doing an excellent job, but when you’ve got a terrible (or no) janitor, everyone is miserable. Good janitors are worth their weight in gold, and more. 

[leadeater]

1 hour ago, Zodiark1593 said:

Janitors are very important to a worksite. The Architect Behind The Curtains, I like to call them. You hardly notice when they’re doing an excellent job, but when you’ve got a terrible (or no) janitor, everyone is miserable. Good janitors are worth their weight in gold, and more. 

Most physical and trades jobs are like that, where as if a BA was doing a bad job or just wasn't there I'd be hard pressed to ever notice. A REALLY good BA can make a difference but I rather my rubbish bin emptied regularly and the floor vacuumed lol

[SansVarnic]

On 1/22/2022 at 7:06 AM, HarryNyquist said:

Dang, today I learned both Facebook AND Google are building data centers in New Albany.

The poor people in this smallish town are about to have their property values skyrocket lmao

This can be a good thing initially but depending on the state or county property tax laws could be bad in the long term. Where I live it would be bad as it would increase property taxes.

[poochyena]

3 minutes ago, SansVarnic said:

This can be a good thing initially but depending on the state or county property tax laws could be bad in the long term. Where I live it would be bad as it would increase property taxes.

And likely give those company tax breaks as incentive to build there

[Middcore]

On 1/22/2022 at 7:06 AM, HarryNyquist said:

Dang, today I learned both Facebook AND Google are building data centers in New Albany.

The poor people in this smallish town are about to have their property values skyrocket lmao

New Albany is an affluent exurb of Columbus (the state capital), not some one-traffic-light hamlet out in the boonies. 

[McRo]

Actually Chase Bank's HQ isn't too far from New Albany. It's just to the west outside Worthington, which is a suburb northwest of New Albany. About 15-20min drive depending on your start and end locations and traffic. Basically the whole north side of Columbus is the rich side. From Dublin in the NW, Worthington in the North, and Westerville and New Albany in the NE.

There's actually a backup data center Chase has in Worthington that they're about to move up to Michigan, I wonder if the other data centers moving in would bring in any benefits worth them reconsidering. It's not some massive data center or anything, it's just in some secure part of one of their call centers.

[cmndr]

On 1/21/2022 at 7:46 AM, Lord Szechenyi said:

I wonder how much of this is influenced by the Biden plan

I wonder how much of this is influenced by Intel having a pile of cash, feeling that their stock is overvalued and looking for places to dump cash before inflation whittles away its value...

[Lord Szechenyi]

On 1/22/2022 at 4:22 AM, Heliian said:

All I can think of when I see or hear fab is Fab Morvan.

 

 

GIRL YOU KNOW IT'S TRUE

 

 

Does this mean Intel isn't the one actually making their chips?