Intel’s $28bn chip plant in Ohio faces further delay, with the first plant now expected to open in 2030-2031, and the second fab not opening until 2032, according to Intel EVP Naga Chandrasekaran.
This is the latest in a string of delays for the project, which was originally due to commence production in 2025, and comes amidst financial difficulties for Intel, which has seen mass lay-offs, and the replacement of CEO Pat Gelsinger.
However, Intel maintains the slower pace of construction provides flexibility to accelerate work and the start of operations if customer demand warrants it.
The Ohio plant is key to Intel’s plans to renew its competitiveness in the semiconductor industry, particularly in the face of mounting competition from Taiwan Semiconductor Manufacturing Co.