Intel has announced a delay in the construction timeline for its chip manufacturing plant in Ohio, citing business conditions and the demand environment. The company’s spokesperson mentioned that managing large-scale projects involves adapting to changing timelines and emphasized their decision-making being anchored in market dynamics and responsible capital management. The initial plan had chip-making set to begin in 2025, but the completion of the project’s manufacturing facilities is now expected by late 2026, as reported by the Wall Street Journal.
In January 2022, it was reported that Ohio had won the bid against 40 other states to host Intel’s new $20 billion chip facility in Licking County. Construction timelines for facilities like the one in Licking County typically range from three to five years from the groundbreaking, which occurred in September 2022. Intel has already hired over 100 Ohioans and currently employs 800-900 construction workers on-site, with expectations of adding thousands more by the end of the year.
Despite the construction delay, Intel reassured its commitment to the project, stating that ongoing investment and preparatory work align with future planning and the anticipated CHIPS Act grants. The company affirmed its dedication to making progress on the construction of the factories and supporting facilities throughout the year.
The adjustment in the construction timeline highlights the challenges companies face in managing large-scale projects, especially in the ever-changing landscape of the semiconductor industry. Intel’s Ohio facility, once operational, is expected to play a significant role in bolstering the company’s chip manufacturing capabilities and contributing to the broader semiconductor ecosystem.
