Delay After Delay: What is Going on with Intel?

 Intel delays $28 billion Ohio chip factory in New Albany again, to 2030 or 2031

As Ohioans are expecting big things with Intel’s new factory in central Ohio, news of setbacks are discouraging residents. Originally, the factory was set to open in 2025, but has now experienced so many delays that the projection has been moved to 2030. As their goals became even more unrealistic, they realized that a re-evaluation of their timeline was going to cost them even more delays. These delays were made so Intel can align their operations better with the market demands so they can improve their capital responsibly. They want to make sure that everything is in line so that they can set “Ohio up for success,” says the executive vice president of Intel. It is important to note that many experts and government leaders have said that bringing semiconductor manufacturing back to the states is critical for national security. So, this factory is not only important for central Ohio’s economy, but the safety and security of the U.S as a whole. Intel has received $2.2 billion funding as part of the federal CHIPS Incentives Program, and at least $1.5 has gone towards the New Albany project. They also were set to receive $300 million in grants from the Ohio Department of Development to help with the construction of each factory as long as they were completed by 2028. While these setbacks are discouraging for everyone involved, Intel still forecasts the creation of 3,000 new jobs and $20 billion in capital investments for the future. As construction continues at a slower pace, Intel still shows its commitment to Ohio as they get everything in order for successful manufacturing.