Bechtel Wins Phase 1 Contract for $20B Intel Chip Plant Project
Bechtel Wins Phase 1 Contract for $20B Intel Chip Plant Project
Abstract
Intel Corp. has selected Bechtel as the general contractor for the first phase of its $20-billion project to build semiconductor manufacturing plants in central Ohio. Phase 1 of the project in New Albany would include design and construction of 2.5 million sq ft, including 600,000 sq ft of cleanrooms for the plants known as 'fabs' The project comes as several U.S. and foreign-based semiconductor chip manufacturers are moving to increase their U.N. production. Intel also signed a purchase agreement for land in Madgeburg, Germany. In August, President Biden signed the Chips and Science Act, which puts $39 billion toward construction of chip plants. The Semiconductor Industry Association has projected demand will rise again every year through 2030.
