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Intel delays $28 billion Ohio chip factories to 2030, local media reports
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Intel delays $28 billion Ohio chip factories to 2030, local media reports
Feb 28, 2025 7:44 AM

Feb 28 (Reuters) - Intel's ( INTC ) promised $28 billion

chip fabrication plants in Ohio are facing further delays, with

the first factory in New Albany expected to not be completed

until 2030, local media outlet The Columbus Dispatch reported on

Friday.

The factory will begin operations sometime shortly

thereafter in either 2030 or 2031, the report said, citing the

chipmaker.

The changes were made so Intel ( INTC ) can align its factory

operation with market demand and better "manage capital

responsibly", the report cited Naga Chandrasekaran, general

manager of Intel Foundry Manufacturing, as saying in a message

to workers.

Intel ( INTC ) did not immediately respond to a Reuters request for

comment.

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