Intel’s new chip factory complex in Licking County officially has a name.
The $20 billion investment by Intel will be known as ‘Ohio One’. The semiconductor campus will help boost the growing demand for advanced semiconductors around the world. This is the largest single private-sector investment in Ohio’s history.
With such a large investment comes jobs. Intel expects the investment to create 3,000 Intel jobs, 7,000 construction jobs, and tens of thousands of long-term jobs for suppliers and partners.
Ohio One will bring a new epicenter of leading-edge technology,” said Intel Ohio General Manager Jim Evers in a letter on the company’s website. “Ohio One represents a nod to the past and a look to the future of technology innovation for the Midwest and America.”
To support the development of Ohio One, Intel also pledged an additional $100 million toward partnerships with educational institutions. By strengthening these partnerships, Intel hopes to build a pipeline of talent and bolster research programs in the region.
So how did they come to ‘Ohio One’ as the name of the campus?
“The name is a nod to the state’s long and storied history in manufacturing and its track record of producing firsts, from the Wright brothers, who grew up in Ohio and first envisioned their historic planes here, to John Glenn, the first man ever in orbit, and Neil Armstrong, the first man on the Moon. Ohio One brings a new epicenter of leading-edge technology innovation to Ohio, the Midwest, and America,” an Intel spokesperson said in a release.
Ohio was chosen over 40 other potential locations for the facility. When President Biden attended the groundbreaking back in September 2022, he stressed the importance of this facility for defense purposes and economic development.
Production is expected to come online in 2025, with a total cost of $20 billion while employing 3,000 workers at an average salary of $135,000 each.