Intel's deterioration in the past six months took another stab with plans to delay at least five years. The construction will be slower, the company said in a statement on Friday.
The news came when the Intel shares rose by almost 3% on Friday, with investors and political decision -makers storming forward for the troubled American institution.
The first of the two FABS, Mod 1, was initially to start production in 2025 or 2026, but was presented to operations 2032 between 2030 and 2031. After an explanation by Naga Chandreskaran, Executive Vice President and General Manager by Intel Foundry.
Intel announced in early 2022 that it would invest up to $ 100 billion in eight factories at the Ohio location, starting with $ 20 billion on a $ 1,000 hectare in New Albany, which would create 3,000 jobs.
Intel has updated his figures and said on Friday to invest 28 billion US dollars in the two new chip factories that have been continuously constructed for 2022. The company recently published a photo and a video of the website in New Albany called Intel Ohio One, with several construction cranes and working on massive lower levels of the factories. So far, the crews have worked more than 6.4 million hours to carry out work on trenches and underground pipes and to pour more than 200,000 cubic meters of concrete and start with the office buildings.
Intel received almost 8 billion US dollars as part of the Chips Act for domestic factory
Intel also received grants of almost $ 8 billion, which according to the Chips Act, which was approved for the first time in 2022. However, the status of these grants is not clear, since the Trump administration begins to check the chips act of chips act under recently installed Minister of Commerce Howard Lutnick. President Trump had called the chips act “so bad” during his campaign, and Lutnick said he would check the approved contracts during the hearing of the nomination of the Senate.
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Chandraskaran said that the construction at the Ohio location will continue at a “slower pace” with the flexibility to accelerate work and start earlier if customer demand justifies this.
Speaking of delay, he added: “In no way reduces our long -term commitment to Ohio.” The company has already started to stop Ohioaner who train at FABS in Arizona, New Mexico and Oregon. Intel increases the setting when it approaches the operating data. “Intel is proud to call Ohio home and we are still excited about our future.”
Intel's decline, Gelsinger's shot, layoffs and takeover speculations
Intel has stayed in the boom for artificial intelligence behind Nvidia and even in the arm, especially about the design and production of GPUs, but its advance for factory in the USA should partially meet the need for high-end chips to meet the industrial needs for GPUs and future technologies.
Since CEO Pat Gelsinger Intel left abruptly in December in December, the company has been the subject of calls to split its manufacturing business from its design business, but the company is now working with two co-interim CEOs that are devoting itself to the design and the other.
Last August, the company announced a disappointing quarter and plans to release 15% of its workforce, and then with around 115,000 people. The Intel shares rose by almost 3% late Friday on Friday after they had declined by 3.5% in the past five days. The stocks have risen by 17% since January 1, mainly due to an Intel takeover, said analysts. The stocks have dropped by 46% in the past 12 months and were USD 23.74 on Saturday.
Rumors have recently flown that TSMC, based in Taiwan, could buy the Intel Fab Business and that its US customers such as Nvidia and Apple could bring operations to a basis. TSMC already makes apple chips in a factory in Arizona. Analysts have violently confirmed that recent discussions were held by the Trump administration and others to cause TSMC to somehow invest in Intel FABs to avoid potential tariffs for goods sold from Taiwan to the USA. Other potential Intel buyers included Qualcomm and Broadcom.
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Early reaction: Craig Barrett says “The best technology wins”
The delay of the Ohio Fabs could partially be due to delays in the financing of Intel and other recipients whether the tariff Intel proposed by the Trump government could violate or help, said analyst Steven Ezell, Vice President of Global Innovation Policy and spoke to WBNS 10TV News.
The former Intel Chairman and CEO Craig Barrett recently wrote in Fortune that Intel should not sell his foundry business to TSMC, and added that he should not be agreed with four former board members that Intel should be divided into two parts of the foundry and design business. “Intel is back -from a technological point of view,” said Barrett and stated the use of the latest imaging technology, the High Na -EU -AUV lithograph and progress in chips.
“The best technology victory in the semiconductor industry,” said Barrett. “Let's stop talking about Intel as the only solution. Instead, we talk about Intel that enters TSMC's current high-end foundation business based on the technological revival of Intel. “