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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.
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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.
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President Joe Biden will join Gov. Mike DeWine and other Ohio leaders for the ceremonial groundbreaking of the new Intel plant.
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The state of Ohio is already expanding roads around the new Intel site, a multi-billion dollar computer chip manufacturing plant.
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Intel officials, who want to build a massive chip processing facility in Central Ohio, say passage of that federal bill is crucial for them.
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Intel and Ohio officials said the lack of movement on the bipartisan CHIPS Act in Congress is the reason for postponing a ceremonial groundbreaking.
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Lieutenant Governor Jon Husted says the CHIPS Act is bipartisan and should stay that way.
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A look inside the incentive package given to Intel that convinced it to choose to put a semiconductor chip production center here in Ohio
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But Intel officials say the package that was offered put Ohio at the top of a list of 40 states vying for the project.