The chip crisis is expected to ease somewhat in the first half of 2022 as existing plants catch up to demand, but experts expect shortages to continue popping up into 2023 and potentially beyond.
on Friday plans to build two chip plants in Licking County, Ohio, in a $20 billion investment to provide the critical component used in electronics, tools and vehicles. Intel says it'll hire 3,000 workers at the 1,000-acre site in Ohio and could eventually invest $100 billion there, "making it one of the largest semiconductor manufacturing sites in the world.
"Chipmakers, spurred on by the Biden administration and a bipartisan push on Capitol Hill, have announced nearly $80 billion in investments in U.S. manufacturing since the start of 2021, according to the White House.in Arizona, and an up-to-$30 billion Texas Instruments plant in Texas. "Longer term this will provide additional, domestic fab capacity for leading edge devices that will be used in self-driving cars and other advanced automotive applications,” IHS Markit auto analyst Phil Amsrud tells Axios.Chip plants take years to build. Intel's Ohio site won't come online until 2025. That means there won’t be any immediate impact from recent announcements.The chip crisis is expected to ease somewhat in the first half of 2022 as existing plants catch up to demand, but experts expect shortages to continue popping up into 2023 and potentially beyond.
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