Intel has announced a further delay in the completion of its long-awaited Ohio chip fabrication facilities, now targeting an opening for its first facility in 2030 and the second in 2031. The delays push back the original 2025 timeline set when the project was first unveiled in 2022.
The $20 billion Ohio One project, which comprises two separate chip fabs—dubbed Mod 1 and Mod 2—has seen its progress adjusted to better align with market demand and Intel’s broader business needs. In a statement, Intel said the decision to postpone the opening of Mod 1 until 2030 reflects a “prudent approach” to ensure the facilities are completed in a financially responsible manner. Mod 2 is scheduled to follow in 2031.
According to Intel, construction work has already begun on the above-ground portion of the project, following the completion of the “basement” level last quarter. The company had previously indicated to the state of Ohio that the project might be delayed until 2027 and had postponed the groundbreaking, reportedly to help incentivize the passage of the CHIPS Act in 2022.
The delays add to a challenging period for Intel, which has faced significant internal and external pressures in recent months. In December, former CEO Pat Gelsinger was replaced amid broader concerns over Intel’s aggressive expansion plans. Additionally, funding from the CHIPS Act was reduced by $600 million, and the company has navigated layoffs as it contends with heightened competition from rivals such as AMD.
With the latest postponements, Intel aims to recalibrate its chip production timeline to meet evolving market conditions while maintaining financial discipline. The company did not provide further details on specific operational adjustments or revised project milestones.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran see...
UK Prime Minister Andy Burnham faces an early test of his climate commitments as his government weighs whether to approve two major North Sea oil and ...
Iran will host senior officials from the five Caspian Sea littoral states at a conference in Tehran on 23 September, aimed at strengthening regional c...
One hundred years after the First World War and more than eighty years after the devastation of the Second World War gave rise to the United Nations, humanity once again finds itself living in an age of permanent crisis.
For months, efforts to secure the Red Sea have focused on what is happening in the water. Naval deployments have increased, governments have expanded maritime cooperation and shipping companies have adapted to persistent security threats.
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
Greenland has issued a “strong warning” to a U.S. oil company linked to President Donald Trump after drilling equipment was brought ashore without the required government approvals, according to British media.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
UK Prime Minister Andy Burnham faces an early test of his climate commitments as his government weighs whether to approve two major North Sea oil and gas projects, Rosebank and Jackdaw.
Europe is facing more frequent and prolonged extreme heat, with climate change making heatwaves increasingly intense and widespread, the World Meteorological Organization (WMO) warned on Tuesday.
Russia's northern NATO neighbours are tightening security around critical infrastructure amid growing concern that Moscow could stage a “false flag” attack using Ukrainian drones.
Kyrgyzstan has proposed hosting part of Russian e-commerce giant Wildberries’ warehouse and logistics network, aiming to reduce supply-chain risks and strengthen trade with Russia.
North Korea has deployed troops, weapons and now, according to a Ukrainian intelligence official, a missile unit to support Russia's war against Ukraine, marking Pyongyang's most significant involvement in a war since the 1950s.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment