Intel announced another delay in its foundry business, pushing the completion of its Ohio factory build-out to 2030-2031, originally slated for 2025. This delay aligns with the company's goal to match production with market demand, according to Chief Global Operations Officer Naga Chandrasekaran. The project has faced several setbacks, including financial losses in the foundry division and a significant leadership change following former-CEO Pat Gelsinger's departure. Additionally, Intel is reconsidering international expansion plans in Europe amid ongoing challenges.
Intel is facing significant delays in its foundry business, now pushing back the opening of its Ohio factory to between 2030 and 2031 amid financial struggles.
The delays in Intel's 'Silicon Heartland' project, initially planned for a 2025 production start, reflect the company's need to align output with market demand.
Collection
[
|
...
]