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Intel plans to invest $20 billion to build a new chip-making facility in Ohio, the company announced on Friday, in a push to ramp up domestic production of semiconductors as global supply chain disruptions and increased demand have led to a massive worldwide chip shortage.

The graying of the American employee is a math drawback for Farouki Majeed. It’s his job to take a position his means out. Mr. Majeed is the funding chief for an $18 billion Ohio college pension th…