TECH - Intel Reportedly Delays $20B Chip-Manufacturing Ohio Project Amid Market Challenges | Benzinga
Intel Corporation (NASDAQ:INTC) has postponed its $20 billion chip-manufacturing project in Ohio due to market difficulties and slow government funding.
What Happened: While the initial timeline for chip-making was set for next year, construction completion is now expected by late 2026, reported the Wall Street Journal, citing people involved in the project. The commencement of chip production will follow the installation of complex machinery required for advanced semiconductors.
“Managing large-scale projects especially in our industry often involves adapting to changing timelines,” an Intel spokesperson said. The company originally targeted production in 2025, but the timeline was contingent on government funding.
Intel did not immediately respond to Benzinga's request for comment.
intel’s Ohio project, one of the largest in the country, is part of the Biden administration’s push to expand ...