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Check out the latest news related to Silicon Heartland, including additions to the New Albany International Business Park and updates on the Intel manufacturing facility.
News Releases
CHIPS Incentives Award Announced with Intel to Advance U.S. Leading-Edge Chip Capacity and Create Tens of Thousands of Jobs
November 25, 2024 – The U.S. Department of Commerce announced it has awarded Intel Corporation up to $7.865 billion in direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. The award follows the previously signed preliminary memorandum of terms, announced on March 20, 2024, and the completion of the Department’s due diligence. The award will directly support Intel’s $100 billion investment plans to expand American semiconductor manufacturing and technology leadership, including its $28 billion investment in the Ohio One campus in New Albany. The Department will disburse the funds based on Intel’s completion of project milestones.
Leading-edge chips power the most sophisticated technology on the planet, including developing AI and building critical military capabilities. Intel’s process technologies such as Intel 18A and advanced packaging technologies, combined with its foundry services, would strengthen U.S. domestic supply of these advanced chips. The Department’s investment in Intel would support both the fabrication and advanced packaging of leading-edge chips through projects in Arizona, New Mexico, Ohio, and Oregon. As previously announced and with the Department’s support, Intel’s overall expansion plan is estimated to support approximately 10,000 manufacturing jobs and 20,000 construction jobs across all four states.
“With Intel 3 already in high-volume production and Intel 18A set to follow next year, leading-edge semiconductors are once again being made on American soil,” said Pat Gelsinger, CEO of Intel. “Strong bipartisan support for restoring American technology and manufacturing leadership is driving historic investments that are critical to the country’s long-term economic growth and national security. Intel is deeply committed to advancing these shared priorities as we further expand our U.S. operations over the next several years.”
“The CHIPS Act is vital to our region’s continued growth as a national technology hub, creating jobs, enhancing infrastructure, and supporting local economies,” said New Albany Mayor Sloan Spalding. “Intel’s Ohio One project, supported by the CHIPS Act, is a transformative opportunity for our community, Ohio, and the country as a whole. We remain committed to the project’s success and are proud to be part of the efforts to strengthen America’s semiconductor industry.”
As stated in the CHIPS Notice of Funding Opportunity for Commercial Fabrication Facilities, CHIPS for America will distribute direct funding to recipients for capital expenditures based on the completion of construction, technology, production, and commercial milestones. The program will track the performance of each CHIPS Incentives Award via financial and programmatic reports, in accordance with the award terms and conditions.
Ohio Governor Mike DeWine and Lt. Governor Jon Husted released the following statement in response to the final approval of the CHIPS Act agreement:
“Today’s announcement that Intel-Ohio is receiving CHIPS Act funding is a much-needed step forward in the important objective of making the most advanced computer chips in America. The DeWine-Husted Administration has never wavered in its pledge to bring these chip manufacturing plants to Ohio. The work to build the Silicon Heartland now moves forward with even more certainty, advancing our economic and national security to the benefit of the working people of Ohio and America.”
One of the World's Largest Cranes Arrives in New Albany
One of the largest cranes in the world has joined the two “Big Bird” cranes on the Intel Ohio One campus. The students of Johnstown Monroe Intermediate School named the Liebherr 12500 crane “Ms. Armstrong” as an homage to Ohio’s history in innovation.
The two existing “Big Bird” cranes are used primarily to lift and place the 24’ x 24’ concrete floor pieces for the fabs with a load capacity of 3 million pounds.
Ms. Armstrong on the other hand is taller than two Statues of Liberty and can lift 5.5 million pounds. The crane will be used to lift the heavy steel roof trusses of the fab into place, highlighting the significant milestone of construction going vertical.
The "Ms. Armstrong" crane is taller than two Statutes of Liberty.
A Public Safety Message
As construction-related traffic increases in New Albany, our officers remain committed to the safety of our residents, visitors, and those working in this community. The New Albany Police Department has enhanced officer traffic enforcement in the New Albany International Business Park to address community concerns. We expect to continue to monitor traffic and enforce laws in the area as the construction activity continues.
We thank residents in the area for their cooperation in maintaining a safe environment. We ask that they continue to be patient, to expect occasional traffic delays, and to keep up with the frequent changes in traffic patterns and work zones. It is also more important than ever for motorists to have their full attention on the task of driving, particularly in construction zones. Construction workers near the road on foot and driving equipment are especially vulnerable in the event of an accident. Please obey the speed limit and follow the direction of traffic advisory signage.
We are proud to serve this community and will continue to take a proactive approach to ensuring the safety of all those who live, work, and play in New Albany.
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