Intel once again delays its long-awaited Ohio chip fabrication facilities

Intel announced that it's further delaying plans to open two chip fabrication facilities in Ohio, pushing their completion out to 2030. The company originally announced its plans for Ohio in 2022, with an ambitious opening set for 2025. Intel says it completed the "basement" level of its Ohio One project last quarter, which allows above-ground construction to get underway now. The $20 billion dollar project is technically split across two different chip fabs, dubbed Mod 1 and Mod 2, which won't be completed at the same time. Mod 1 is now set to open in 2030, to "align the start of production of our fabs with the needs of our business and broader market demand," according to Intel. Mod 2 will be completed the following year in 2031. Intel Corporation The justification is financial: Intel says it's taking a "prudent approach" that will ensure the chip fabs are completed in a "financially responsible manner." Intel previously told the state of Ohio that it was delaying the fabs until 2 ... Read full article.