Intel CEO reveals how he plans to rebuild the struggling chip industry by creating 'the largest silicon manufacturing location on the planet' here on US soil

The world's largest chip manufacturing plant should be built in the US, according to Intel CEO Patrick Gelsinger.
In an interview with Time, Gelsinger said his aim in developing Intel's forthcoming $20 billion mega-factory in New Albany, Ohio is to rebuild a complete supply chain for chips in the US.
We could be at a dramatically different view of our national supply chains when we look to the future. COVID has made us think about these things differently.

Intel will research, develop, and manufacture computer chips at the two fabrication plants that will be part of the plant. Approximately 3,000 people are expected to be employed by the effort to produce the chips, which power everything from cars to gadgets.

Increased demand and factory shutdowns caused supply chain shortages for companies like Intel.
The best way to alleviate the crunch is to bring the supply chain to the US. The CEO of Intel told Time that the plant could expand up to 2,000 acres and implement its most cutting-edge technology.

The expectation is that this becomes the largest Silicon manufacturing location on the planet.
Gelsinger told Time that Intel's move to the Midwest is strategic as the region attempts a comeback in manufacturing.

Ohio has a reputation for being a manufacturing site. Manufacturing is hard work for other industries. It is very disciplined.

According to the magazine, Intel's announcement is the largest private-sector investment in Ohio history. Gelsinger has met with various leaders in Washington, DC, to discuss moving the manufacturing of chips to the US in order to alleviate supply chain problems.

The CHIPS Act authorized federal investments in chip manufacturing in the US. Funding for the incentives is not provided by the CHIPS act. In June, the Senate passed 52 billion dollars in funding, but the House hasn't passed it.

The CHIPS Act allows us to go bigger and faster, but we're not waiting on its passage to get underway. We are running a company. We aren't running a political process. We are getting going.