Intel, the struggling chipmaker, has pushed back the opening of its Ohio chip manufacturing facility from 2025 to 2030. The company’s second plant is now expected to be completed by 2031 and start production the following year. This delay comes as Intel continues to invest in its U.S. sites and adapts to market demand.
Intel, once the world’s leading semiconductor maker, has been struggling due to its slow response to the artificial intelligence boom. The company’s stock lost over half its value last year, and it recently laid off 15% of its employees. This move has made Intel a potential takeover target.
The delay is part of Intel’s strategy to manage its capital responsibly and invest in chip fabrication. The company had initially planned to begin production on the first plant in 2025 but has decided to prioritize its business needs and customer demand. Intel was awarded an $8 billion grant by the government in November to boost semiconductor production in the U.S.
The delay is a significant setback for Intel, which had hoped to become a major player in the rapidly growing AI market. However, with this move, Intel is signaling its commitment to adapting to changing market conditions and investing in its core business.
Source: https://www.cnbc.com/2025/02/28/intel-delays-ohio-plant-opening-to-2030-production-was-to-start-2026.html