Intel Pushing Back It’s Timeframe

The Ohio One Site in January 2023

The Ohio One Site in January 2023.

In February 2024, Intel announced that it is pushing back its timeframe for completing the two fabs. When Intel first announced Ohio as the site of its newest and most sophisticated chip manufacturing factories, company officials suggested the facilities could be done as early as 2025. But that aggressive goal will not be met. Typical construction timelines for semiconductor manufacturing facilities are three to five years from groundbreaking, depending on a range of factors. Intel broke ground on its Ohio One campus ahead of schedule in September 2022.

Since announcing its plans in early 2022, Intel has been a strong community partner for the City of New Albany. The company has reiterated its full commitment to the project, and we expect to see continued progress at the Ohio One site. The City of New Albany will continue to fulfill its commitments of completing related infrastructure, and we look forward to our continued partnership with Intel to bring silicon chip manufacturing to Ohio.

Intel broke ground on Ohio One ahead of schedule and is maintaining construction progress.  Typical construction timelines for semiconductor manufacturing facilities are three to five years from groundbreaking, depending on a range of factors.

Intel’s progress on the site as of May includes:

  • More than 2.4 million work hours dedicated to the project.

  • Poured more than 63,600 cubic yards of concrete, enough to fill two stadiums.

  • Installed 9,400 tons of rebar (approximately the same weight as 1,300+ African elephants)

  • Installed 46,700 linear feet of underground pipe (almost 2,180 parking spots end to end)

  • Installed 238,200 linear feet of underground conduit (just over 800 football fields)

  • Hired more than 100 Ohioans, including some who are training at Intel’s locations in Arizona and Oregon.

  • 800-900 construction workers on the site and expect to have several thousand by the end of the year.


    Read this entire story here https://siliconheartland.newalbanyohio.org/project-timeline-update/


    Connie serves all of Franklin, Delaware, Fayette, Licking, Madison, Marion, Morrow, Pickaway, and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Muskingum, Perry, and Ross counties.


    Contact Connie Sadowski, Realtor with questions 614-943-0025 Search for homes ConnieSellsOhio.com


     #1 Team Top 1% of Realtors The Powell Buehler Group Coldwell Banker Realty conniesadowski.com

Comments

Post a Comment

Thanks for commenting, please call me if I can answer questions or help in anyway.

Popular posts from this blog

Is It Best to Work Solo or on A Team?

Image
Agent Value Proposition Defined Are you a licensed real estate agent wondering if you should join a real estate team?  Whether you should work alone or join a real estate team depends largely on your personality, experience level, and desired level of independence;  if you prefer structure, support, and a readily available network, joining a team might be better, while if you thrive on autonomy and want full control over your business, working solo could be the right choice .   Reasons to join a real estate team  Structure and support Teams often provide training, lead generation, marketing assistance, and a clear system to follow, which can be especially beneficial for new agents.   Shared knowledge and expertise Access to the experience and insights no of other team members can help you grow your skills and knowledge.   Accountability and motivation Being part of a team can foster a sense of accountability and encourage you to stay motivated.   Poten...
Read more

Home Mortgage Equity: To Rent or Not To Rent?

Image
Home equity is  a key component of homeownership and can be a powerful asset that helps you build wealth over time.  It’s  the difference between the value of your home and the amount you still owe on your mortgage.   Here are some reasons why buying a home can be a good financial decision: Equity : Home equity can help you build wealth as your home's value increases and you pay down your mortgage.   Stability : Homeownership can increase your financial stability.   Tax benefits : Homeownership may reduce your taxes.   Social ties : Homeownership can increase your social ties.   Rental costs : Rental costs may increase more than a mortgage.   You can use your home equity for various expenses, such as: Home equity loans : You can use a home equity loan to access your equity.   Home equity lines of credit (HELOCs) : You can use a HELOC to access your equity.   Reverse mortgage : If you're 62 or ...
Read more

Central Ohio Housing Report July 2024

Image
  COLUMBUS, Ohio (Aug 22, 2024)—  Columbus Realtors reports closed sales are up 12 percent, and inventory has surged to its highest point in five years in the latest housing statistics for July issued by Columbus REALTORS®.   There were 2,806 closed sales in July, a 12 percent uptick over July 2023. The most significant rise came in total inventory, which increased from 3,137 homes for sale in July 2023 to 4,325 homes for sale in July 2024. That’s a 37.9% increase year over year. It also marks the largest number of homes for sale in a single month since November 2019.   The median sale price in central Ohio is $327,250, a 3.9% increase year over year. Last month, it reached an all-time high in the region at $334,900.   “The fact that there are over 1,200 more homes available on the market right now than this time last year is a positive for prospective home buyers,” said Columbus REALTORS® President Scott Hrabcak.   “Columbus remains an in-demand seller’s m...
Read more