Intel

The Ohio Tax Credit Authority approved a tax credit plan valued at $475 million for the semiconductor plant in Licking County, with that value expected to be set even higher soon.

President Joe Biden joined Gov. Mike DeWine and other state leaders at the site of a new, $20 billion semiconductor plant for Intel’s groundbreaking ceremony.

President Joe Biden will join Gov. Mike DeWine and other Ohio leaders for the ceremonial groundbreaking of the new Intel plant.

The state of Ohio is already expanding roads around the new Intel site, a multi-billion dollar computer chip manufacturing plant.

Intel officials, who want to build a massive chip processing facility in Central Ohio, say passage of that federal bill is crucial for them.

Intel and Ohio officials said the lack of movement on the bipartisan CHIPS Act in Congress is the reason for postponing a ceremonial groundbreaking.

Lieutenant Governor Jon Husted says the CHIPS Act is bipartisan and should stay that way.

A look inside the incentive package given to Intel that convinced it to choose to put a semiconductor chip production center here in Ohio

But Intel officials say the package that was offered put Ohio at the top of a list of 40 states vying for the project.