Intel Gets $600M Onshoring Grant for Chip Manufacturing Facility Construction in Ohio
Intel has received a $600 million onshoring grant from the government of Ohio to support the construction of two chip factories in Licking County. The technology company has committed to creating 3,000 jobs, generating $405 million in annual payroll and making fixed asset investments worth more than $20 billion by the end of December 2028 in Ohio as part of the grant agreement.