“As first reported by our corporate siblings at Cleveland.com as well as by WOSU, the California-based tech company is behind what some are saying “could be the largest economic development project in state history.”
According to WOSU, an official announcement is slated for Jan. 21.
Both publications cited multiple sources, though the sources were unnamed. Intel has not responded to a request for comment.
Last year the company announced plans to invest $20 billion in two new semiconductor factories in Arizona. The new chip factories, known in the industry as fabs, were expected to create over 3,000 permanent high-tech, high-wage jobs; over 3,000 construction jobs; and approximately 15,000 local long-term jobs, according to Intel, the PBJ reported.
In August, Gelsinger told the Washington Post the company was soliciting proposals for a project that would include six to eight fabs, representing $100 billion of investment, to be built over the next decade.
“Essentially, we want to build a little city,” Gelsinger said of the project, which would create 10,000 direct jobs and [100,000] indirectly.”