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Released February 12, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Intel Corporation (NASDAQ:INTC) (Santa Clara, California) has pushed out the completion of its $20 billion chip manufacturing plant in Ohio, according to the company and news media reports. Industrial Info is tracking $59 billion worth of active and planned capital-spending Industrial Manufacturing Industry projects in Ohio, with about half of the spend attributed to the data center sector.
The Wall Street Journal reported the project isn't expected to be finished until late 2026, later than the previously announced date of 2025, according to people involved with the project, due to "market challenges and the slow rollout of U.S. government grant money to grow the domestic industry."
Although Intel has not given a specific date for the project's completion, nor has it explicitly confirmed the reason for the project delay, a company spokesperson said the following in a statement to local News 5 Cleveland: "The typical construction timelines for semiconductor manufacturing facilities are three to five years from groundbreaking, depending on a range of factors, and we broke ground in late 2022."
The project, which is in New Albany, consists of building two factories: a $10 billion semiconductor fab and a $10 billion grassroot computer-processor fab. The semiconductor factory will produce chips for automotive and electronic device industries in the U.S., and the latter will produce chips for personal computers and data centers. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed reports on the semiconductor and computer-processor fabs.
Of the $59 billion in active and planned Industrial Manufacturing projects in Ohio, the data center sector shines with a total investment value of $25 billion; most of the activity is attributed to Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington).
Two of these Amazon projects are expected to kick off this year as the company expands its data center campus in New Albany. Construction of the $400 million Phase 4 and $360 million Phase 5 expansions entails constructing 170,000 and 164,000 square-foot buildings, respectively, to expand cloud data services in the region. Both projects are expected to wrap up by the end of 2025.
Also expected to wrap up by the end of next year is the construction of Google Incorporated's (Mountain View, California) $300 million grassroot data center in Columbus. The project entails constructing a 175,000-square-foot building, with Turner Construction Company (New York, New York) providing general contracting services. Subscribers can read detailed reports for the Amazon Phase 4 and Phase 5 projects, and Google's grassroot project.
Much of Ohio's automotive project activity is attributed to electric vehicle (EV)-related projects, including General Motors Company's (NYSE:GM) (GM) (Detroit, Michigan) $760 million conversion of its transmission-manufacturing plant in Toledo. The project, which is expected to wrap up in July, entails converting the 2.8 million-square-foot facility to prepare for the manufacture of electric drive units for GM's electric version of trucks and SUVs. But GM also is investing $920 million to quadruple the size of its engine-production plant in Brookville, which produces the automaker's DMAX engine, an internal combustion engine used in heavy-duty trucks; completion is expected toward the end of 2025. Click here for the Toledo project report, and click here for the Brookville project report.
Another EV project is the construction of Honda Motor Company's (NYSE:HMC) (Tokyo, Japan) lithium-ion battery-manufacturing plant in Jeffersonville, which is designed to supply 40 gigawatt-hours of batteries for Honda's North American operations. The project entails constructing about 3 million square feet of space, and the completion is expected by the end of the year. Subscribers can learn more by viewing the project report.
A burgeoning aspect of the U.S. manufacturing industry is the production of solar panels to keep up with the development of solar generation. In Palatska, near Columbus, Illuminate USA is building a $600 million solar-panel manufacturing plant. The project entails renovating and performing structural modifications to a 1.1 million-square-foot building, to produce up to 5 gigawatt-hours of photovoltaic (PV) solar panels per year. Construction kicked off in mid-2023, and late last year, the company said production via two lines was expected to begin in January, with an additional six lines to be installed throughout 2024. Illuminate USA is a new joint venture between renewable energy company Invenergy LLC (Chicago, Illinois) and Chinese solar panel manufacturer Longi. Click here for the project report.
Subscribers to Industrial Info's GMI Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The Wall Street Journal reported the project isn't expected to be finished until late 2026, later than the previously announced date of 2025, according to people involved with the project, due to "market challenges and the slow rollout of U.S. government grant money to grow the domestic industry."
Although Intel has not given a specific date for the project's completion, nor has it explicitly confirmed the reason for the project delay, a company spokesperson said the following in a statement to local News 5 Cleveland: "The typical construction timelines for semiconductor manufacturing facilities are three to five years from groundbreaking, depending on a range of factors, and we broke ground in late 2022."
The project, which is in New Albany, consists of building two factories: a $10 billion semiconductor fab and a $10 billion grassroot computer-processor fab. The semiconductor factory will produce chips for automotive and electronic device industries in the U.S., and the latter will produce chips for personal computers and data centers. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed reports on the semiconductor and computer-processor fabs.
Of the $59 billion in active and planned Industrial Manufacturing projects in Ohio, the data center sector shines with a total investment value of $25 billion; most of the activity is attributed to Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington).
Two of these Amazon projects are expected to kick off this year as the company expands its data center campus in New Albany. Construction of the $400 million Phase 4 and $360 million Phase 5 expansions entails constructing 170,000 and 164,000 square-foot buildings, respectively, to expand cloud data services in the region. Both projects are expected to wrap up by the end of 2025.
Also expected to wrap up by the end of next year is the construction of Google Incorporated's (Mountain View, California) $300 million grassroot data center in Columbus. The project entails constructing a 175,000-square-foot building, with Turner Construction Company (New York, New York) providing general contracting services. Subscribers can read detailed reports for the Amazon Phase 4 and Phase 5 projects, and Google's grassroot project.
Much of Ohio's automotive project activity is attributed to electric vehicle (EV)-related projects, including General Motors Company's (NYSE:GM) (GM) (Detroit, Michigan) $760 million conversion of its transmission-manufacturing plant in Toledo. The project, which is expected to wrap up in July, entails converting the 2.8 million-square-foot facility to prepare for the manufacture of electric drive units for GM's electric version of trucks and SUVs. But GM also is investing $920 million to quadruple the size of its engine-production plant in Brookville, which produces the automaker's DMAX engine, an internal combustion engine used in heavy-duty trucks; completion is expected toward the end of 2025. Click here for the Toledo project report, and click here for the Brookville project report.
Another EV project is the construction of Honda Motor Company's (NYSE:HMC) (Tokyo, Japan) lithium-ion battery-manufacturing plant in Jeffersonville, which is designed to supply 40 gigawatt-hours of batteries for Honda's North American operations. The project entails constructing about 3 million square feet of space, and the completion is expected by the end of the year. Subscribers can learn more by viewing the project report.
A burgeoning aspect of the U.S. manufacturing industry is the production of solar panels to keep up with the development of solar generation. In Palatska, near Columbus, Illuminate USA is building a $600 million solar-panel manufacturing plant. The project entails renovating and performing structural modifications to a 1.1 million-square-foot building, to produce up to 5 gigawatt-hours of photovoltaic (PV) solar panels per year. Construction kicked off in mid-2023, and late last year, the company said production via two lines was expected to begin in January, with an additional six lines to be installed throughout 2024. Illuminate USA is a new joint venture between renewable energy company Invenergy LLC (Chicago, Illinois) and Chinese solar panel manufacturer Longi. Click here for the project report.
Subscribers to Industrial Info's GMI Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
