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Intel Plans to Invest in Major Semiconductor Manufacturing Facility

January 24, 2022. By News Bureau

Announcement of Intel’s plan to invest in a major semiconductor manufacturing facility in Licking County is the latest clear sign that Ohio’s growing solar energy economy is providing a strong and competitive foundation for Ohio’s future.

Intel has committed to 100% renewable energy supply by 2030 to power its global manufacturing operations, including its new facility planned for Licking County.

This is the latest in a series of major investments Ohio has attracted from companies that include renewable energy purchase goals, such as Peloton, Nestle, First Solar, Amazon, Google, and Facebook.

Additionally, Ohio was the first state to attract a mega battery factory to serve the growing electric vehicle market when the $2.3 billion GM/LG Chem battery manufacturing facility selected Lordstown as its home.

Many large automotive companies, such as GM, have plans to buy 100% renewable energy located near their operations.

Ohio Power Siting Board approved a construction permit for the 107.7 megawatt (MW) Union Ridge Solar project located in Licking County’s Harrison Township. Additionally, the 350 MW Harvey Solar project located in Hartford Township is currently pending at the Siting Board. These two projects under development in Licking County will generate more than $4 million dollars per year in local tax revenue and bring hundreds of jobs during construction.

“Ohio’s future prosperity lies in thoughtful economic development and the solar industry looks forward to continuing to contribute to the economic growth of Ohio and to helping provide clean renewable energy to companies like Intel,” said Jake Kuss, USSEC’s Assistant Director. “Our state is extremely well positioned to capitalize on the growth sectors of today’s economy thanks to a robust well-trained labor force, geography and access to least-cost energy in the form of solar power paired with complementary resources."