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As A part of the grant arrangement, $three hundred million is obtainable for the construction of every factory, based on the Ohio index Division of Development. Funds will likely be readily available for two many years right after development starts on Each and every facility, which has to be done by Dec. 31, 2028.

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Intel as well as the state have finalized the details above a $600 million grant the condition is providing the semiconductor organization to help finance The 2 factories it really is developing in New Albany.