Intel delays $20 billion Ohio project, citing slow chip market
Fri, Feb 2, 2024 9:56 AM

Intel delays $20 billion Ohio project, citing slow chip market

A Flip by Avya Verma
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Intel is facing delays in their $20 billion chipmaking project in Ohio due to market challenges and slow distribution of funding. The timeline for construction has been pushed back to late 2026, with expected completion next year. This has caused a 1.5% drop in their stock value. Intel remains committed to the project and is making progress, but changing timelines are expected in large-scale.

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