Trump announces deal with Harvard
U.S. President Donald Trump said on Tuesday that Harvard University will pay $500 million as part of a deal with his administration, after months of n...
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.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
US President Donald Trump, alongside Israeli Prime Minister Benjamin Netanyahu, unveiled a 20-point peace plan on September 29, 2025, aiming to end the Gaza conflict. The proposal addresses key geopolitical, humanitarian, and security issues, offering a pathway to peace.
The second round of the UEFA Champions League group stage began today, with nine matches scheduled, two of which have already concluded.
The U.S. federal government could face a shutdown if Congress fails to pass a budget bill before the end of fiscal year 2025 on Wednesday. A shutdown would force the suspension of all non-essential federal activities.
At least five people have died following a magnitude 6.9 earthquake that struck the Philippines on Tuesday, authorities report.
A flotilla of ships heading towards the Gaza Strip is preparing for a potential interception by Israeli forces, according to activists on board.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment