Intel Delays Ohio Chip Factory to 2030

Intel Ohio Fab Plant Faces Further Delays

The anticipated opening of Intel’s inaugural chip fabrication facility in Ohio is now projected to occur no sooner than 2030.

A recent report published by The Columbus Dispatch indicates that Intel has decelerated the progress of its pledged $28 billion semiconductor endeavor situated in central Ohio. This marks the second instance of a timeline adjustment for the project this year.

Revised Construction and Operational Timelines

Completion of construction is currently estimated for 2030, with the possibility of the factory not becoming fully operational until 2031, as communicated by Intel to the publication.

Initially, this factory – one of two planned by Intel within the state of Ohio – was slated to commence operations in the current year.

Continued Commitment and Investment

Despite the delays, Intel has affirmed its ongoing dedication to the project. To date, the company has already invested $3.7 billion within the local economy.

Financial Factors Influencing the Schedule

Reportedly, Intel’s current financial challenges are a significant contributing factor to the postponement of the facility’s launch.

As stated in a message to employees on Friday by Intel Executive Vice President Naga Chandrasekaran, the revised timeline will enable Intel to more effectively “manage capital responsibly” and synchronize factory operations with prevailing market demands.

This adjustment allows for a more strategic alignment between production capacity and the current state of the semiconductor market.