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Intel Won't Meet Goal of Finishing Construction on $20 Billion Ohio Chip Project in 2025
IntelIntel(US:INTC) Investopedia·2024-02-02 18:25

Intel (INTC) won't be meeting its initial timeline for 2025 completion of its $20 billion chip-manufacturing project in Ohio.The Wall Street Journal first reported Thursday that construction won't be finished until late 2026, attributing the delay to a challenging chip industry and the slow rollout of U.S. government grant money to grow the domestic industry.Intel spokesman William Moss told Investopedia Friday that typical construction timelines for semiconductor manufacturing facilities are between three ...