Intel

Bloomberg News is reporting Intel plans to lay off 20% of its workforce.

Mansfield, and other cities within commuting distance of the planned Licking County Intel plant, are preparing for growth after a long period of decline.

State officials and business leaders aren’t sounding any alarm bells on the tech giant’s progress to build a $20 billion manufacturing facility in central Ohio.

Intel submitted an application for CHIPS funding, and more than a dozen members of Congress from Ohio are urging the government to select Intel as part of the program.

Intel’s chip-making plants are expected to shake up the housing market in central Ohio. The region can take lessons from eastern Ohio, which saw rising rents during its shale development boom.

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.