Intel picks Ohio for semiconductor project (New Albany, Albany: home, price, vs)

[SlideRules99]

From the Intel newsroom, 2 quick “rah rah” videos showcasing Ohio selection. Pretty cool.

https://youtu.be/LChew45heCc

https://youtu.be/0fxM5zRTcjE

Not an exaggeration to say this will transform the state once this project scales.

[jbcmh81]

Something intriguing to me is that the annexation for this was 3,600 acres, and Intel's mega fab would only consume about 1,000. This leaves a ton of land within the greater site for more development. Intel has stated that at least some of that land would be for future expansions, indicating that even $100+ billion is only a portion of the eventual investment they have in mind.

[dustin183]

Does anyone know the exact location?

I saw a presentation with the gov and intel execs and they said "northwest licking county". But curious where exactly the plot is.

[SlideRules99]

Originally Posted by jbcmh81

Something intriguing to me is that the annexation for this was 3,600 acres, and Intel's mega fab would only consume about 1,000. This leaves a ton of land within the greater site for more development. Intel has stated that at least some of that land would be for future expansions, indicating that even $100+ billion is only a portion of the eventual investment they have in mind.

Referring to this Dispatch article, the annexation of 3200 acres from Jersey Township to New Albany includes expansion of the broader New Albany Business Park, where there are existing data centers for Google, Amazon, and Facebook. So it’s not all Intel’s, although I imagine Intel may have additional land options as part of their deal (speculating).

https://www.dispatch.com/story/busin...ny/6524507001/

I’m not personally familiar with this area, but with a multi-thousand employee workforce coming soon, there will likely need to be some build-out of new services such as restaurants and hotels and other ancillary businesses. Perhaps some of New Albany’s annexed acreage is slated for that.

[Independentthinking83]

Congrats to Columbus. I have a feeling you will be attracting a lot of talent from the Pittsburgh area for those jobs. It would’ve been nice if we could’ve gotten it here (Pittsburgh). We just don’t have our act together for attracting business and growth like Columbus.

We talk a big game here in Pittsburgh but our city delivers very little with new job growth.

[Natural510]

This is great news; Ohio and the Midwest in general needs more tech and innovation to compete with the other regions of the country.

[dustin183]

I think Columbus is going to be a boomtown over the next couple decades.

[Wile E. Coyote]

Originally Posted by SlideRules99

I haven’t seen any official announcements, but this would be massive news if true.

$100B+ capital investment in a single campus manufacturing project is astonishing.

For reference, the largest investment EVER in the automotive industry was Ford’s $11B announced investment in EV production across multiple states (KY and TN). So the Intel investment would be 10x that project, and centered entirely in the Columbus area.

https://www.detroitnews.com/story/bu...es/5879885001/

The sheer scale of this project (6-8 wafer Fabs), and the fact it’s on U.S. soil for intellectual property purposes, also tells me they’re likely to embed Technology Development Fab(s) in addition to high volume manufacturing (HVM) Fabs. This would put OH at the forefront of new semiconductor manufacturing technology development if my speculation is accurate.

OSU will be a big winner here. I would expect a pipeline of hundreds of technology professionals into Intel’s operations with local degrees. Comparatively, at Intel’s massive Oregon operations, they lacked a robust STEM focused university in the immediate Portland area to feed Intel’s staffing needs. Intel did make reference to the draw of a major university, in addition to affordable power, so no surprise.

I hope the reports are accurate.

it must be about future water source SlideRules99

[bjimmy24]

Everything everyone already menionted aside, I'm not doubting great eocnomic impact, but am I the only one that sees this creating some really ugly exurban sprawling developments in former farmland? Always makes me sad to keep losing these spaces.

[216facts]

Originally Posted by bjimmy24

Everything everyone already menionted aside, I'm not doubting great eocnomic impact, but am I the only one that sees this creating some really ugly exurban sprawling developments in former farmland? Always makes me sad to keep losing these spaces.

Yeah, going to be hard to keep that from happening. If the city planners are a bit visionary, they'll start a regional plan for additional park land, sidewalks, solid zoning and housing density. Of course the problem is, everybody wants that house on 2 acres in the country within a 5 min drive of work and restaurants. And when you have 1000s of people willing to pay for what they want - and a few developers that buy up all the land, its all about maximizing profits.

IMO, for Columbus to keep growing, it is going to have to solve the housing problem in a sustainable way, so that a guy making $70k can live in a decent neighborhood and send his kids to public schools. Its going to need parks and sidewalks. They've sold Columbus to Intel for now, the next problem is selling Columbus to 10000+ people that want that house+school+park dream at a price they can afford.