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AP

Biden touts plans for $20B computer chip factory

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U.S. President Joe Biden on Friday hailed an announcement by Intel Corp. that it will construct a $20 billion factory outside Columbus, Ohio, creating 7,000 construction jobs and an additional 3,000 permanent jobs. Intel is the latest semiconductor company to announce expansion plans in the U.S. amid a global shortage of the chips used in phones, cars and video games. Chip shortages fueled by shutdowns during the pandemic have interrupted the production of new vehicles and electronic devices for more than a year. Concerns also have been raised by U.S. officials over national-security issues because many American companies depend on chips produced overseas, particularly in Taiwan, which China has long claimed as its own territory.

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