Intel has announced a delay in the opening of its chip fabrication facilities in Ohio, now scheduled for completion in 2030. Initially, the company planned to launch these facilities in 2025.
The project, which involves an investment of $20 billion, consists of two chip fabs named Mod 1 and Mod 2. Construction on the basement level of the Ohio One facility has been completed, allowing for above-ground work to commence.
Mod 1 is set to begin operations in 2030, while Mod 2 will follow a year later in 2031. Intel’s decision to delay aligns with its strategy to synchronize production with market demand.
Financial considerations underpin this latest postponement. Intel aims to ensure the project’s completion in a financially responsible manner. This marks yet another setback for the company, which had previously indicated a completion date of 2027.
Intel’s recent history has been marked by challenges, including leadership changes and funding reductions from the CHIPS Act. The company faces increased competition from rivals like AMD, complicating its efforts to expand chip production.
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