Intel Delays Billions of Dollars Worth of Ohio Chip Factories to 2030, Local Media Reports
Intel's promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first factory in New Albany expected to not be completed until 2030, local media outlet The Columbus Dispatch reported on Friday. Shares of the company, which originally scheduled to begin chipmaking in Ohio factories in 2025, were up more than 5%. Intel has been cutting capital expenses after its expensive bid to become a contract chip manufacturer for other companies, in a move to restore its lost glory, strained its balance sheet.
- This delay highlights the challenges of scaling production and managing supply chains in the semiconductor industry, where timely delivery is crucial for meeting customer demand.
- How will Intel's delayed Ohio factories impact the company's ability to compete with other chipmakers, such as Taiwan Semiconductor Manufacturing Company (TSMC), which has already secured lucrative contracts with major technology companies?