Intel has selected a 1,000-acre site in New Albany, Ohio, to be its third major US chipmaking location, with construction beginning this year and operations starting in 2025, Time reported Thursday. Intel has committed to spend $20 billion on two chip fabrication facilities, or fabs, but ultimately could build up to eight and expand to 2,000 acres in a plan the company earlier has said would cost about $100 billion.

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Intel Invests $20 Billion Into Domestic Chip Plant To Go Online In 2025

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