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.
The U.S. Department of Justice and FBI on Monday announced an arrest and indictments related to North Korea’s 'IT worker' program, through which Nor...
An anonymous letter sent to Minval.az alleges that the Russian military ordered the strike on an AZAL flight downed near Grozny in December 2024, offe...
A senior figure in Russia’s defence establishment, Timur Ivanov, has been sentenced to 13 years in prison after being found guilty of corruption, am...
Armenian Foreign Minister Ararat Mirzoyan announced the successful conclusion of negotiations with the EU on a new Partnership Agenda following the of...
As the Dalai Lama turns 90, the question of his successor is drawing global attention — not just spiritually, but a deeply political one for China, ...
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Concerns over new U.S. tariffs under President Donald Trump are weighing on global manufacturing, though June data show signs of resilience in countries like Japan, China, and Ireland.
The U.S. Department of Justice and FBI on Monday announced an arrest and indictments related to North Korea’s 'IT worker' program, through which North Koreans secured remote tech jobs at more than a 100 U.S. companies to steal money and data globally.
A senior figure in Russia’s defence establishment, Timur Ivanov, has been sentenced to 13 years in prison after being found guilty of corruption, amid an escalating crackdown on high-level misconduct.
As the Dalai Lama turns 90, the question of his successor is drawing global attention — not just spiritually, but a deeply political one for China, India, and the U.S.
Azerbaijan's Interior Ministry has dismantled two criminal groups in Baku, detaining Russian nationals suspected of trafficking drugs from Iran and conducting cyber fraud operations.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment