Intel continues the project of the half -conductor factory date from Ohio

The delay was partially carried out to “manage our capital responsibly and adapt to the needs of our customers,” says Intel Executive Naga Chandrasecaran.

Intel has delayed its semiconductor factory project of 28 billion US dollars in Ohio and explains that the first work will complete the construction in 2030 and will start operating this or next year and the second factory will complete the construction in 2031 and will start operating next year.

Production was originally supposed to begin in 2025, but the chipmaker based in Santa Clara, California, has announced a delay last year.

In an online post on Friday, Naga Chandrasecaran – Executive Vice President, Chief Global Operations Officer and General Manager of Intel Foundry Manufacturing – was expressed that the delay was partially carried out in order to “manage our capital responsibly and adapt to the needs of our customers”.

[RELATED: Intel To Invest $20B To Start Factory ‘Mega-Site’ In Ohio]

Intel Ohio Factory

Crn turned to Intel to get a comment.

Intel completed the basement of the FAB in the last quarter, said Chandrasecaran. Intel is now working on the above -ground structure.

“In no way reduces our long -term commitment to Ohio,” he said. “We have already started to stop Ohioan who train in our FABs in Arizona, New Mexico and Oregon, and we will continue to scale our attitude when we approach our operating data. Intel is proud to call Ohio home and we are still excited about our future. “

Intel chose New Albany, Ohio, as the location of a new FAB Operation in 2022 and received an award for federal financing as part of the chips and science act of bidges administration. Last year Intel delayed the expected date of the expected building course to 2026.

“Above all, grateful that you all and the work you do to create this website. Projects of this scale and complexity always have turns and turns, but the final state is one that we will be proud of every decades, ”said Chandrasecaran.

The provider uses federal funds as part of buildings of the previously announced chip manufacturing and advanced packaging systems in Arizona, New Mexico and Oregon, which are also supported by more than 100 billion US dollars in the company's investments.

Several news reports have doubts about the Trump administration, which Biden's Chips Act has continued in its current form, and Trump's plan to take tariffs to promote the production of semiconductors in the USA could cause further disturbances in the market.

Intel's most recent quarterly yield report in January defeated Wall Street's expectations of the sales of the fourth quarter of 2024, but the semiconductor giant warned that sales in the first quarter of this year, including the economic uncertainty and the competition from other companies, could decrease by up to 18 percent.

During the call, Intel Interim Co-CEO, Executive Vice President and CFO Dave Zinsner said that the management of the company “would meet quite regularly with the Trump administration officials in order to make their goals for the United States reality”.