{"id":655132,"date":"2025-03-02T01:35:10","date_gmt":"2025-03-01T22:35:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/intel-slows-28-bn-chip-factory-project-in-ohio\/"},"modified":"2025-03-02T01:35:10","modified_gmt":"2025-03-01T22:35:10","slug":"intel-slows-28-bn-chip-factory-project-in-ohio","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/intel-slows-28-bn-chip-factory-project-in-ohio\/","title":{"rendered":"#Intel slows $28 bn chip factory project in Ohio"},"content":{"rendered":"
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\n \"Intel
\n Intel says new chip making plants in Ohio are not slated to begin production until 2030, five years later than originally planned.
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Struggling US chip maker Intel on Friday pushed out the timeline for completing two new fabrication plants in Ohio, saying it is taking a prudent app<\/a>roach to the $28 billion project.<\/p>\n

Chip production originally slated to begin in 2025 at Intel’s first new “fab” in decades is now expected to start in 2030, Intel said in a statement.<\/p>\n

“It’s important that we align the start of production of our fabs with the needs of our business and broader market demand,” Intel Foundry Manufacturing general<\/a> manager Naga Chandrasekaran said in a message to employees shared by the company.<\/p>\n

“We will continue construction at a slower pace, while maintaining the flexibility to accelerate work and the start of operations if customer demand warrants.”<\/p>\n

For the full year 2024, Intel recorded a net loss of $18.8 billion as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.<\/p>\n

Intel is one of Silicon Valley’s most iconic companies, but its fortunes have been eclipsed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor business.<\/p>\n

The company was also caught by surprise with the emergence of Nvidia, a graphics chip maker, as the world’s preeminent AI chip provider.<\/p>\n

Intel CEO Pat Gelsinger was forced out in December after the board lost confidence in his plans to turn the company around.<\/p>\n

His abrupt departure came just months after the company vowed to cut more than 15,000 jobs in a draconian cost reduction plan and paused or delayed construction on several chipmaking facilities.<\/p>\n

Former US president Joe Biden’s administration last year finalized a $7.9 billion award to Intel as part of an effort to bring semiconductor production to US shores.<\/p>\n

But in Europe, Intel late last year said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated.<\/p>\n

Intel also said at the time that it would pull back on its projects in Malaysia.<\/p>\n

\n \u00a9 2025 AFP\n <\/p>\n

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\n Citation<\/strong>:
\n Intel slows $28 bn chip factory project in Ohio (2025, March 1)
\n retrieved 1 March 2025
\n from https:\/\/techxplore.com\/news<\/a>\/2025-03-intel-bn-chip-factory-ohio.html\n <\/p>\n

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