Intel once again slows down its long -awaited chips production facilities in Ohio
Intel has announced that it is a further delay in plans To open two chips production facilities in Ohio, pushing their completion by 2030. Initially the company He announced his plans for Ohio in 2022.With an ambitious opening kit for 2025
Intel says he has completed the base of the basement of his Ohio One project in the last quarter, which allows above ground construction to start now. The $ 20 billion project is technically divided into two different chips called Mod 1 and Mod 2, which will not be completed at the same time. Mod 1 will now be opened in 2030 to “lead to the production of our FABS with the needs of our business and broader market demand,” according to Intel. Mod 2 will be completed next year in 2031.
The justification is financial: Intel says it takes a “prudent approach” that will ensure that FABS chips is completed in a “financially responsible way”. Intel before said to Ohio’s condition that delaying FABS by 2027, it also delayed project innovation seemingly to stimulate the passage of Chips in 2022 according to report from The Washington PostS
More delays add to what was a tumultuous period for Intel as a company. In December, Former CEO Pat Gelsinger was pushedProbably because he did not withdraw Intel’s aggressive plans to expand the production of chips. Before that the funding the company had to receive through the Chip Act was reduced by $ 600 millionS Add dismissal and the continued dominance of chip producers Like AMDAnd Intel remains in a complicated place.
This article originally appeared on Engadget at https://www.engadget.com/computing/intel-once-again-dalays-long-awaited-ohio-chip-fabrication-facities-185516274.html
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