A new partner to Foxconn's AI venture in Lordstown, Japanese investment firm SoftBank, has also announced a $2 billion investment in semiconductor giant Intel. The announcement comes as Ohio lawmakers ramp up pressure on Intel for delays in its planned multi-billion-dollar plant in the state.
The investment is a show of confidence in Intel, which has pushed back the completion date for its Ohio chip plants from 2025 to as late as 2032. The delay has drawn bipartisan concern from Ohio lawmakers who fear the state will not see a return on its investments and have threatened to claw back funds.
State Reps. Sean Patrick Brennan, D-Parma, and Beryl Brown Piccolantonio, D-Gahanna, are proposing a House resolution that calls for quarterly public updates and a full financial accounting of Intel'