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intel: Intel plans $20bn semiconductor plant in Ohio, Biden says ‘this is just the beginning’ – The Economic Times Video

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U.S. President Joe Biden on Friday hailed an announcement by Intel Corp. that it will construct a $20 billion factory outside Columbus, Ohio, creating 7,000 construction jobs and an additional 3,000 permanent jobs. Intel is the latest semiconductor company to announce expansion plans in the U.S. amid a global shortage of the chips used in phones, cars and video games. Biden said the announcement shows the U.S. is “in a better position than any nation…to seize these opportunities,” and he hailed the passage of his bipartisan infrastructure legislation as one of the reasons.

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