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Intel to Announce U.S. Manufacturing Plans on Friday

  • CEO Gelsinger to give details of investment in leadership push
  • Ohio governor will hold event on historic economic development
Pat Gelsinger

Pat Gelsinger

Photographer: Al Drago/Bloomberg

Intel Corp. will announce Friday the next step in Chief Executive Officer Pat Gelsinger’s plan to build up semiconductor production in the U.S., seeking to restore the chipmaker’s edge in manufacturing technology.

The company, which has declined to comment on the site of new plants, is holding a briefing to “share details of Intel’s latest plans for investment in manufacturing leadership.” That event coincides with one being held by Ohio Governor Mike DeWine on “a historic economic development announcement for the state,” according to a statement from the governor’s office. Cleveland.com and other local media have reported that Intel intends to spend as much as $20 billion on a new factory in the Columbus area.