Intel delays Ohio Chip Factory until 2030

Intel’s first chip manufacturing plant in Ohio may not open early until 2030.

According to the report With the Columbus dispatch, Intel delayed construction of the promise of a $28 billion semiconductor project in central Ohio. Second time this year. Chipmaker told the publication that the factory may not actually be open until 2031, construction will not be completed until 2030.

The plant, one of two Intel plans to build in Ohio, was originally scheduled to begin operations this year. Intel said it has continued to be committed to the project to Columbus dispatch, and has already invested $3.7 billion locally.

Intel’s financial difficulties are reportedly a major reason for the delay in opening at its tip facility. According to a Columbus dispatch, Intel EVP Naga Chandrasekaran told employees in a message Friday that the delayed timeline will allow Intel to manage more “responsibly” (responsibly) capital and better manage its factory operations and meet market demand.

For more information, I will contact Intel and update this post if I receive a reply.