President Joe Biden speaks after groundbreaking for Intel’s $20 billion semiconductor plant

Photo by SAUL LOEB/AFP via Getty Images

One of the first domestic chip-making facilities to come out of the recently passed CHIPS and Science Act was inaugurated on Friday by President Biden.

The largest Silicon manufacturing location on the planet will be built by Intel. Intel is going to invest $100 billion in Ohio over the next decade. According to the company, it will take more than 7,000 workers to build the facility that is expected to house two separate factories.

Congress had yet to pass the CHIPS Act, which was the reason why the July ceremony was delayed. Biden signed the tech and science bill last month, saying it was a once in a generation investment in America.

A bipartisan deal to boost American innovation in opposition to growing Chinese competition in the tech industry hopes to protect US economic and national security interests. The start of the coronaviruses in 2020 made it more difficult for device makers to source chips for their products. Demand for these goods increased as people started working from home.

When the factories that make these chips stop making them, the chips stop working. Biden made the statement at the Intel site Friday. The chips need to be made in America to bring down costs and create jobs.

Biden said the ceremony marked the end of the Rust Belt and the beginning of aSilicon Heartland. Major chip manufacturers have announced plans for new facilities after the bill was passed. The company said it would invest billions to build a plant in Idaho. Wolfspeed plans to build a $5 billion facility in North Carolina.

The ground was broken on a future that every Ohioan can be proud of. The multi-billion dollar investment is a culmination of an unprecedented collaboration between federal, state, and private sector leaders that will transform Ohio's economy and provide future generations an opportunity to build a stable middle-class life right here at home.