Intel Pushes Back $28bn Ohio Chip Factory Timeline to 2030
The $28 billion chip factory project in Ohio is now expected to be completed by 2030, with construction continuing at a slower pace over the next few years. Intel has delayed the start of operations from 2025 to between 2030 and 2031, citing market demand and financial responsibility as key factors. The company had initially planned for the first facility to begin production in 2025.
- This delay highlights the challenges of implementing large-scale manufacturing projects, particularly in the highly competitive and capital-intensive semiconductor industry.
- What implications will this timeline shift have on Intel's ability to meet its commitments to contract chip manufacturers and maintain its market share in the global chip supply chain?