Intel Corp. has once again delayed the expected opening for its semiconductor project in the center of Ohio.
The chips fighter announced on Friday that the construction of the first of its two factories, known as FABS, planned for New Albany now expected to be completed in 2030 and will begin operations between then and 2031. The construction of the second FAB must be done in 2031 and the operations should begin in 2032.
Intel announced the project In January 2022 and launched eight months later at the Licking County site, just northeast of Columbus. The first floor initially had to start operating in 2025, but the project has been delayed by financial concerns, the Output of your CEO last December and other problems. The company was once a dominant force in the semiconductor industry, but it has been eclipsed by the rival Nvidia, which has cornered the chip market that execute artificial intelligence systems.
“We are adopting a prudent approach to ensure that we complete the project in a financially responsible manner that establishes Ohio for the success in the future,” said Naga Chandrasekaran, executive vice president, world director of operations and general manager of Intel Foundry Manufacturing, in a Published message on the Intel website. “We will continue the construction at a slower pace, while maintaining flexibility to accelerate work and the beginning of operations if customer demand guarantees.”
Intel has received $ 2.2 billion of the $ 7.8 billion in funds that were due as part of the Federal Chips Incentive Program. According to the United States Department of Commerce, at least $ 1.5 billion were allocated to the New Albany project, according to the United States Department of Commerce.
Dan Tierney, spokesman for Republican governor Mike Dewine, described the last delay as a “disappointment”, but said the State continues to trust the project.
