Intel No New Factory in the United States for 2030

Intel once again postponed the opening of its Chip factories in Ohio, valued at $ 28 billion. The forecast is that the opening will happen in 2030. Intel’s executive vice president Naga ChandraSekaran made the statement on Friday. Initially, the forecast of starting operations was for this year 2025.

About that, The second manufacturing factory on the Intel Ohio Campus should not open by 2032. “We are adopting a prudent approach to ensure that we have completed the project financially responsible,” ChandraSekaran said in the statement.

He also stressed that the company will continue to “construction at a slower pace, maintaining the flexibility to accelerate work and the beginning of operations if customer demand justifies.”

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Historic

Intel’s Ohio manufacturing units have faced delays from the beginning. In 2022, the chips manufacturer postponed the inauguration ceremony due to the lack of government financing. Subsequently, it postponed the opening of its plants to 2027 or 2028.

Intel has invested $ 3.7 billion in its chip factories in Ohio since 2022. The company says it has completed the basement level of its factory and began to work in the structure above ground.

According to the vice president, the delay allows the company to manage “capital responsibly and adapt to the needs of our customers.”

Crisis

The last year was tumultuous for Intel. In August 2024, after several rumors, she had already announced the resignation of 15,000 employees and the cut of $ 60 billion in costs. It was a cut of 15% of its workforce worldwide. In October, the company fired 1,300 employees in the United States.

In late August, with the departure of Lip-BU Tan, member of the company’s board, the shares fell 6%. So many problems culminated in Pat Gelsinger’s retirement after 40 years at the company. The former CEO received more than $ 10 million after leaving office.

Nevertheless, the company ended the third tributes of 2024 with loss.

Source: Intel.