Intel is delaying the opening of its $28 billion Ohio chip plants yet again. In an update on Friday, Intel executive vice president Naga Chandrasekaran said the company now expects its first factory to begin operations between 2030 and 2031 – years later than its initial plan to kick off production in 2025.
Meanwhile, the second fabrication plant on Intel’s Ohio campus isn’t expected to open until 2032. “We are taking a prudent approach to ensure we complete the project in a financially responsible manner,” Chandrasekaran said in the post. “We will continue construction at a slower pace, while maintaining the flexibility to accelerate work and the start of operations if customer demand warrants.”
Intel’s Ohio fabrication units have been beset by delays since the very beginning. In 2022, the chipmaker postponed the groundbreaking ceremony over a lack of government funding. It later bumped the opening of its plants to 2027 or 2028.
As noted by The Columbus Dispatch, Intel has invested $3.7 billion into its Ohio chip plants since 2022. The company says it has completed the basement level of its fab and has since started to work on the above-ground structure. Chandrasekaran added that the delay “allows us to manage our capital responsibly and adapt to the needs of our customers.”
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
