Intel

In a statement to WOSU, Intel said it remains "fully committed to Ohio and the Silicone Heartland project." The project is estimated to cost around $28 billion.

Lip-Bu Tan will begin serving as the company's CEO, effective March 18, according to a news release.

The federal law, signed by former President Joe Biden in August 2022, included billions of dollars to bring semiconductor manufacturing back from overseas to sites in Ohio and other states.

The chip manufacturer said it had invested $3.7 billion through last year, and is committed to spending another $3.2 billion in work that is already underway in a letter to the Ohio Department of Development.

When Intel broke ground less than three years ago, the chipmaker said it could be online by 2025, but that goal for the Ohio semiconductor plants is again shifting.

Anduril will bring its defense company to Pickaway County, with a promise of 4,000 jobs.

Anduril will bring its defense company to Pickaway County, with a promise of 4,000 jobs.

Even as the federal government hands out its long-awaited CHIPS and Science Act money to projects in Ohio and other states, Intel’s chief executive officer is out the door after only four years in charge.

Intel CEO Pat Gelsinger has retired, with David Zinsner and Michelle Johnston Holthaus named as interim Co-CEOs. Gelsinger, whose career has spanned more than 40 years, also stepped down from the company’s board.

Steve Stivers, CEO of the Ohio Chamber of Commerce, spoke with WOSU and said Wednesday is a good day for Ohio after the federal government released billions of dollars for chip manufacturing facilities in New Albany and other states.