February 5, 2024 /SemiMedia/ -- According to reports, Intel plans to delay the construction schedule of a $20 billion chip manufacturing project in Ohio due to market challenges and slow U.S. government funding.
Intel Ohio originally planned to start chip manufacturing in 2025. However, according to the latest plan, the construction of the production facilities is not expected to be completed until the end of 2026.
In addition, production equipment will need to be installed after construction is completed, which means the start of production will be later than the end of 2026.
"We are fully committed to completing this project and construction continues. We made great progress last year. However, managing large projects requires constant adaptation to change." An Intel spokesperson said.
