For $100 billion, Intel looks to construct biggest chip plant

Intel said on Friday it would invest up to $100 billion to build potentially the world's largest chip-making complex in Ohio, as it looks to boost capacity amid a global shortage of semiconductors used in everything from smartphones to cars.

The move is part of Chief Executive Officer Pat Gelsinger's strategy to restore Intel’s dominance in chip making and reduce America's reliance on Asian manufacturing hubs, which have a tight hold on the market.

An initial $20 billion investment — the largest in Ohio's history — on a 1,000-acre site in New Albany will generate 3,000 jobs, Gelsinger said. That