Intel Delays Ohio Chip Plant Opening to 2030 Amid Financial Challenges

The semiconductor giant cites market demand and financial constraints for postponing its $28 billion project, initially slated for 2025.

Intel's Ohio One project, originally planned to begin production in 2025, now expects its first factory to open between 2030 and 2031, with the second following in 2032.
The delay aligns with Intel's efforts to manage capital responsibly and adjust to market demand, as stated by company executives.
Intel has invested $3.7 billion in the Ohio site since 2022, with significant construction milestones achieved, including completing the underground foundation and beginning above-ground work.
The project, part of the U.S. CHIPS Act initiative, has received $2.2 billion in federal funding so far, but Intel continues to face financial losses and increased competition from rivals like Nvidia and TSMC.
Intel's leadership changes, layoffs, and strategic shifts, including the cancellation of some projects, underscore the broader struggles facing the company.