Semiconductor chip manufacturer Intel Corporation has announced plans for a massive expansion into Ohio, intending to make an initial investment of more than $20 billion in the construction of two new leading-edge chip factories near Columbus. This investment (and recent federal legislation such as the CHIPS and Science Act, which provides over $50 billion in federal incentive funding and tax credits to help the American semiconductor industry reshore manufacturing and invest in the next generation of technology) represents an exceptional opportunity for Ohio residents and companies, though there may be some unique challenges tech companies could face when starting or growing operations in the Buckeye State.
Thanks to the passage of the CHIPS and Science Act, aimed at encouraging more investment in the tech sector to help produce more semiconductor chips here in the U.S., companies large and small are considering how to invest in the next generation of semiconductor manufacturing and considering lucrative federal incentives as a catalyst to this growth.
After months of delay, the CHIPS Act of 2022 finally cleared both houses of Congress last week, as part of larger legislation focused on supporting many aspects of science and innovation.
On episode 25 of Calfee NOW, Leah Pappas Porner, Partner-in-Charge of Calfee's Columbus office and Chair of the firm's Government Relations and Legislation practice, and Nick Bush, Principal with Calfee's Federal Government Relations and Policy group, spoke with Steve Stivers, President and CEO of the Ohio Chamber of Commerce and former U.S. House Representative.
On Episode 24 of Calfee NOW, Michael Bowen, Associate with Calfee's Government Relations and Legislation practice group, spoke with Chris Berry, President and CEO of OhioX. OhioX is a nonprofit organization that represents and connects those committed to growing Ohio’s economy through technology and innovation.
On episode 23 of Calfee NOW, Raymond Tarasuck, Senior Counsel, and Michael Bowen, Associate with Calfee's Government Relations and Legislation practice group, and Jamie Gregory Lead Principal, and Nick Bush, Principal with Calfee's Federal Government Relations and Policy group, spoke with Congresswoman Shontel Brown (D-OH, District 11).
- How Tech Companies May Mitigate Risk When Expanding Operations in Ohio
- Calfee NOW: Ohio State Representative-Elect Steve Demetriou
- Tips for Tech Companies Hoping to Expand in Ohio Under the CHIPS Act
- FTX’s Free Fall Into Bankruptcy – Will Crypto Investors and Crypto Creditors Lose Again?
- Calfee NOW: Cuyahoga County Executive-Elect Chris Ronayne
- Calfee’s Commitment to Business in Ohio
- Senate Passes CHIPS Act, Incentivizing Intel’s Investment in Ohio
- Calfee NOW: Valerie Pope, Executive Director of the Mechanical Contractors Association of Ohio, on Intel
- Calfee NOW: Congressman Troy Balderson on Intel
- Calfee NOW: Ohio Chamber of Commerce President and CEO Steve Stivers on Intel