COLUMBUS, Ohio (WCMH) -- Ohio was far from a highlight in Intel's 2025 Foundry conference, but the project was included in Intel's commitments to a strong Foundry.
Despite buyout rumors, Intel leadership reaffirmed their commitment to Intel Foundry last week at Intel Foundry Direct Connect. The second annual conference brought together more than 1,000 customers and partners of Intel Foundry, the division responsible for the $28 billion Ohio One plant, the largest private investment in state history, under construction in New Albany. It was the first Foundry-specific event under new CEO Lip-Bu Tan, who has spoken little about Intel Foundry during his tenure thus far.
“I’m committed to make the Intel Foundry successful," Tan said at Direct Connect.
May 2025 primary election results for central OhioTan mentioned Ohio's plant as a continued building project, and spoke encouragingly of new factory space. Tan also said advanced packaging may eventually be possible in Ohio and is already underway elsewhere in the U.S. However, Ohio largely took a back seat in the keynote speeches, with Intel leaders selecting other factories to showcase.
Intel Foundry shared new updates on products and developments that are set to take off this year. These announcements have little to do with Ohio's plant as is, but if the products are well received, increased manufacturing demands could be encouraging for Ohio's development.
Intel leaders also thanked President Donald Trump, saying the U.S. government is a key customer. Tan said he was pleased Trump shares the goal of semiconductor manufacturing in the U.S. However, none of the keynote speakers mentioned the CHIPS Act, the $7.8 billion federal commitment to Intel Foundry that still largely needs to be paid out.
The bipartisan CHIPS Act was propelled forward by former President Joe Biden, and Trump has called for its repeal several times. Intel has received $2.2 billion of its promised funding, with the last payment coming in January in the last days of Biden's White House. See previous coverage of the CHIPS Act in the video player above.
School Choice Ohio celebrates 20 years, addresses voucher concernsThe company announced its new Intel Foundry Chiplet Alliance, which will emphasize collaboration to improve Intel's Foundry division. Under the alliance, different technology companies will collaborate to improve designs using shared innovations. Including Intel, there are at least 15 confirmed alliance members, 11 of which are American companies, although none are headquartered in Ohio. The alliance also includes two companies headquartered in Taiwan, and one each in England and France.
The day after Direct Connect, one of 10 Intel executives -- Christoph Schell -- announced his resignation. Schell is executive vice president, chief commercial officer and general manager of sales, marketing and communications group.
On Tuesday, Intel shareholders voted to approve Tan's salary and a new equity incentive plan intended to help the company retain its employees. However, Intel still intends to cut a large number of employees, with a Bloomberg News report indicating it will lay off at least 20% of workers.
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