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.
Two people were confirmed dead and five missing in Gapyeong, South Korea, on Sunday, after heavy rain triggered landslides and flooding, raising the c...
U.S. President Donald Trump may meet Chinese leader Xi Jinping in South Korea or China this autumn, with talks expected around the late October APEC s...
The city of Sweida in southern Syria saw a return to relative calm following days of clashes, as Bedouin fighters withdrew and international mediation...
President Donald Trump announced on Sunday that he would intervene to assist Afghans who have been detained in the United Arab Emirates for years afte...
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Two people were confirmed dead and five missing in Gapyeong, South Korea, on Sunday, after heavy rain triggered landslides and flooding, raising the country’s storm-related death toll to 17.
U.S. President Donald Trump may meet Chinese leader Xi Jinping in South Korea or China this autumn, with talks expected around the late October APEC summit as both sides seek progress on ending their tariff dispute.
President Donald Trump announced on Sunday that he would intervene to assist Afghans who have been detained in the United Arab Emirates for years after fleeing their country when the Taliban seized control.
Bangladesh has signed a deal to import 700,000 tonnes of wheat annually from the United States over the next five years, aiming to ease trade tensions and secure tariff relief from the Trump administration, officials confirmed on Sunday.
Iran and the E3, Britain, France, and Germany, may hold nuclear talks next week, Tasnim reported, amid European warnings that failure to resume negotiations could trigger renewed international sanctions.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment