Intel Corp. has pushed back the expected opening for his semiconductor project in central -Ohio.
The fighting chipmaker announced on Friday that the construction of the first of his two factories – known as FABS – for New Albany is now expected to be completed in 2030 and that the operating processes began between then and in 2031. The construction of the second FAB should be carried out in 2031 and the operation should begin in 2032.
Intel announced the project in January 2022 and broke on the ground eight months later in Licking County, northeast of Columbus. The first work should initially be put into operation in 2025, but the project has since been postponed by financial concerns, the departure of its CEO last December and other problems. The company was once a dominant force in the semiconductor industry, but was put into the shade by the rival Nvidia, which drove the market for chips into the tightness, the artificial intelligence systems.
“We are pursuing a prudent approach to ensure that we complete the project in a financially responsible way that Ohio One is set up for success until the future,” says Naga Chandrasecaran, Executive Vice President, Chief Global Operations Officer and General Manager of Intel Foundry Manufacturing, in a message published on the website of Intel. “We will continue the construction more slowly and at the same time maintain flexibility to speed up the work and start of the company if customer demand guarantees.”
Intel has received 2.2 billion US dollars of the funds of 7.8 billion US dollars as part of the Federal Chips Incentive Program. According to the US Ministry of Trade, at least 1.5 billion US dollars should go to the new Albany project.
Dan Terney, a spokesman for the Republican governor Mike Dewine, described the recent delay as a “disappointment”, but said that the state was still confident in the project.