Intel delays its Ohio chip factory to 2030 | TechCrunch

Intel’s first chip fabrication plant in Ohio may not open until 2030 at the earliest.

According to a report in The Columbus Dispatch, Intel has slowed the building of its promised $28 billion semiconductor project in central Ohio for the second time this year. Construction won’t be completed until 2030, the chipmaker told the publication, and the factory might not actually open until 2031.

The factory, one of two Intel plans to build in Ohio, was originally scheduled to begin operating this year. Intel told The Columbus Dispatch that it remains committed to the project and has already invested $3.7 billion locally.

Intel’s financial woes are reportedly a big reason for the chip facility’s delayed opening. According to The Columbus Dispatch, Intel EVP Naga Chandrasekaran told employees in a message on Friday that the delayed timeline will allow Intel to better “manage [its] capital responsibly” and align its factory operation with market demand.

We’ve reached out to Intel for more information and will update this post if we hear back.