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Intel Delays $20 Billion Ohio Project, Citing Slow Chip Market
An anonymous reader quotes a report from Reuters: Intel is delaying the construction timeline for its $20 billion chipmaking project in Ohio amid market challenges and the slow rollout of U.S. grant money, the Wall Street Journal reported on Thursday. Its initial timeline had chip-making starting ne...
Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project. We have made a lot of progress in the last year," an Intel spokesperson said, adding that managing large-scale projects often involves changing timelines. This came as a shift in spending to AI data servers, dominated by rivals Nvidia and aspiring AI competitor Advanced Micro Devices sapped demand for traditional server chips -- Intel's core data center offering.
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