Intel’s planned chip factories have been delayed again, with a new timeline pushing them back to 2030. Despite this, investors are taking the news as positive and driving up shares. The factory delays come after a delay in traffic at the Ohio plant previously caused by the project. Analysts say the delays are due to aligning factory operations with market demand and managing capital responsibly. Meanwhile, Intel is facing trouble with Microsoft over its new Xbox console, which may have been delayed until 2027 or later. The stock’s Hold consensus rating from Wall Street remains unchanged, with a 4.18% downside risk.
Source: https://www.tipranks.com/news/intel-nasdaqintc-pushes-ohio-plant-back-to-2028