NEW ALBANY, Ohio (WLIO) — Intel is pushing back the completion date for its $28 billion semiconductor project in New Albany, Ohio. The company currently expects the plant to be completed by 2030, not 2025.
Early construction has already begun at the Ohio location. The project received $1.5 billion in direct federal funding through the Biden administration in 2024.
Intel says they want to take a slower approach to ensure funding is safe.
In January 2022, Intel announced plans to build two factories in New Albany. The ground broke in September, with President Joe Biden present. The company said it is trying to turn Ohio into a “Silicon Heartland” and investing in education to train the workforce needed for high-tech jobs.
According to a report in the Wall Street Journal, Intel is struggling to find customers for that chip as rival manufacturers outperform them in developing faster chips with smaller transistors.
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