Intel Postpones Ohio Chip Plant Launch to 2030, Production Delayed
Summary
Intel's highly anticipated $20 billion semiconductor manufacturing plant in Ohio faces a significant setback, with the company announcing a delay in the facility's launch and production start until 2030 or 2031, citing the need to align with market demand and business requirements.
Key Points
- Intel delays opening of its Ohio chip plant until 2030, with production starting in 2030 or 2031
- The first factory was initially planned to begin production in 2025
- Intel cites aligning production start with business needs and market demand for the delay