U.S. Senate passes bill that could boost Ohio Intel project

Faye Kyzer

The U.S. Senate voted Wednesday to approve billions of dollars for semiconductor manufacturers, which Intel leaders say will help the company ramp up its investment in central Ohio. The legislation, known as the CHIPS Act, would allocate more than $52 billion in subsidies for companies to research, design and manufacture semiconductors. […]

A rendering of the Intel operation  being built in New Albany.

The U.S. Senate voted Wednesday to approve billions of dollars for semiconductor manufacturers, which Intel leaders say will help the company ramp up its investment in central Ohio.

The legislation, known as the CHIPS Act, would allocate more than $52 billion in subsidies for companies to research, design and manufacture semiconductors. It also would provide a 25% tax credit for companies that build facilities in the U.S. 

Intel announced in January that it will invest $20 billion to build two semiconductor factories in Licking County that will employ 3,000 workers. CEO Pat Gelsinger said the company’s investment in Ohio could reach $100 billion, but only if the aid package is approved by Congress. 

Both Ohio Sens. Rob Portman and Sherrod Brown voted in favor of the bill.

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