Intel’s first chip manufacturing plant in Ohio may open until 2030 as early as 2030.
According to the report Intel’s promised $28 billion semiconductor project in central Ohio slows down in Columbus dispatch The second time this year. Chipmakers told the publication that construction will not be completed until 2030 and that factories may not be truly opened until 2031.
The plant is one of two Intel plans to be built in Ohio and is scheduled to start operations this year. Intel told Columbus Dispatch that it remains committed to the project and has invested $3.7 billion locally.
Intel’s financial difficulties are reportedly a major reason for the delay in opening of chip facilities. Intel EVP Naga Chandrasekaran told employees in a Friday message that the delayed schedule will allow Intel to better “manage”, according to Columbus dispatch. [its] Capital is responsible” and aligns its factory operations with market demand.
We have contacted Intel for more information and will update this post if we hear an echo.
