Intel Corp. has pushed back the expected opening of its central Ohio semiconductor project again.
The struggling chipmaker announced Friday that the first construction of the two factories planned for New Albany will be completed in 2030 and is expected to begin operations between then and 2031.
Intel The project has been announced In January 2022, he broke the ground eight months later on a site in Licking County, just northeast of Columbus. The first plant was originally scheduled to begin operations in 2025, but the project has since been delayed due to financial concerns. CEO departure Last December and other issues. The company was once a dominant force in the semiconductor industry, but is covered in rival Nvidia, which has pushed the market for chips that operate artificial intelligence systems.
“We are taking a careful approach to completing the project in a financially responsible way that sets up Ohio to make Ohio a success in the future,” said Nagachandra Sekaran, Chief Vice President, Chief Global Operations Officer and General Manager of Intel Foundry Manufacturing. Message posted On the Intel website. “We will continue construction at a slower pace, maintaining the flexibility to accelerate work and operational initiation as customer requests are needed.”
Intel is receiving $7.8 billion in funding, $7.8 billion, as part of its federal chip incentive program. At least $1.5 billion in that funding was set to go towards the new Albany Project, according to the US Department of Commerce.
Dan Tierney, a spokesman for Republican Gov. Mike DeWine, called the latest delay “disappointment,” but said the state is confident in the project.
