Intel's Ohio chip fabrication plant, part of a $28 billion investment, is facing further delays with completion expected in 2030, and possibly opening in 2031. Initially slated to operate this year, the chipmaker has cited financial challenges as a significant factor in the timeline shift. Despite these setbacks, Intel maintains its commitment to the project and has already invested $3.7 billion in the region. The delay aims to allow Intel to manage capital responsibly and adjust to market demand fluctuations.
Intel has slowed the building of its promised $28 billion semiconductor project in central Ohio for the second time this year, with an expected 2030 completion.
Intel EVP Naga Chandrasekaran communicated to employees that the altered timeline will help the company manage its capital responsibly and align operations with market demand.
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