When Intel broke ground in Licking County less than three years ago, the chip manufacturer stated that its $28 billion chip factory in Licking County, Ohio, might begin production as early as 2025, but later revised that to completion in 2027. Now, this plan has been postponed again.
Intel announced on Friday the latest timeline adjustment, pushing the completion date of the first wafer fab to 2030 and the second wafer fab to 2031, with both factories not expected to be operational before 2031.
In a statement, Intel said, &#34;This will never diminish our long-term commitment to Ohio. We have begun hiring Ohio employees who are being trained at our factories in Arizona, New Mexico, and Oregon. Intel is proud to call Ohio home, and we remain optimistic about future developments here.&#34;
Despite the repeated delays in construction progress, Ohio government officials and business leaders continue to have confidence in Intel.
Dan Tierney, spokesperson for Ohio Governor Mike DeWine, said on Friday that the state government is &#34;disappointed&#34; by the project's delay, but Tierney still stated, &#34;Intel continues to assure the state government that the wafer fabs will be completed and produce chips. This is just a construction delay, and the project is still moving forward.&#34;
Matt Englehart, spokesperson for JobsOhio, Ohio's economic development agency, stated that despite changing market realities, Intel's overall commitment &#34;remains unchanged.&#34; JobsOhio is a strong private entity that represents the state government in advancing economic projects.
Englehart said in a statement, &#34;We are flexible partners, able to work with Intel to advance the project according to the adjusted timeline, making Ohio a hub for cutting-edge semiconductor production, which is vital for the national economic security and defense of the United States.&#34;
The Ohio government has granted Intel $600 million in localization subsidies to support its investment plans in central Ohio. Intel is building a large-scale computer chip manufacturing facility in Licking County, with total investment commitments reaching $20 billion.
The Ohio Department of Development awarded these localization subsidies to Intel and stipulated in the contract documents that Intel must meet its employment and investment commitments to the state government by 2028.
On Friday, Intel's stock rose more than 5.8% in early trading.
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Intel's planned $28 billion chip factory in Ohio, originally scheduled to begin production in 2025, has been delayed again. The latest timeline shows that the first wafer fab will be completed in 2030, and the second will be delayed until 2031, with both factories not expected to be operational before 2031. Intel emphasized its long-term commitment to Ohio and has begun recruiting and training local employees

- Intel has postponed the completion of its chip factories in Licking County, Ohio, with the first factory now expected to finish in 2030 and the second in 2031.  
- Despite the delays, Ohio officials and business leaders remain confident in Intel's commitment, with assurances that the project is still progressing.  
- The Ohio government has provided $600 million in local subsidies to support Intel's investment, which totals $20 billion, contingent on meeting employment and investment commitments by 2028.