03/02/2025

Intel’s Anticipated $28 Billion Chip Factories in Ohio are Delayed until 2030

The company, like countless others, has been cutting capital expenses

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.

The first factory will begin operations sometime shortly thereafter in either 2030 or 2031, the report said, citing the chipmaker.

Shares of the company, which originally scheduled to begin chipmaking in Ohio factories in 2025, were up more than 5 percent.

Please select this link to read the complete article from Fast Company.