Intel Delays $28 Billion Ohio Chip Factories to 2030 Amid Market Adjustments
Intel has announced a significant delay in its $28 billion semiconductor manufacturing project in New Albany, Ohio. Originally slated to commence operations in 2025, the first of two chip fabrication plants is now projected to be completed by 2030, with production starting between 2030 and 2031. The second facility is expected to follow, becoming operational by 2032.
This postponement is attributed to Intel's strategic decision to align its manufacturing capabilities with current market demand and to manage capital expenditures prudently. Naga Chandrasekaran, Intel's Executive Vice President, emphasized the company's commitment to financial responsibility, stating that construction will continue at a moderated pace, with flexibility to accelerate if customer demand increases.
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