Intel Ohio Chip Plant Delayed to 2030-2032

Intel has delayed the opening of its $28 billion semiconductor manufacturing project in Ohio, now expecting operations to commence between 2030 and 2032, years later than initially planned. Financial challenges, the need to align production with market demand, and previous delays due to the lack of government funding under the CHIPS Act have contributed to this postponement. Intel remains committed to the project, having already invested $3.7 billion and begun hiring Ohioans who are training at other Intel facilities. Despite the setbacks, Intel emphasizes its long-term commitment to Ohio and maintains flexibility to accelerate construction if demand increases. The state of Ohio and federal government have provided significant incentives, totaling over $10 billion, to support Intel's investment. The delay marks a significant hurdle in boosting U.S. chip manufacturing amidst global competition and a historic chip shortage.