Federal computer chip bill seen as critical for Intel project in Ohio closer to passage

A $52 billion bipartisan bill that would incentivize production of semiconductor chips on American soil a has cleared a key Senate vote, setting it up for final passage in the chamber in the coming days. The so-called cloture vote to break the legislative filibuster has cleared the U.S. Senate. And a final vote on the legislation itself could be coming soon, possibly by the end of this week.

Passage of the bill is critical to Ohio because the state stands to benefit from a massive planned $20 billion investment by Intel. The company has secured land in Central Ohio to build at least two semiconductor fabrication plants or “fabs” on 1,000 acres. The company will research, develop, and manufacture its most cutting-edge computer chips. It’s expected to employ at least 3,000 people. Construction will begin this year, with around 7,000 jobs expected from that. The complex is expected to be in operation by 2025. This factory is hailed as the largest private-sector investment in Ohio history.

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Story excerpt provided by The Statehouse News Bureau.

Written by Jo Ingles.

Originally published July 26, 2022.