Intel Corp. has again moved back the opening of its semiconductor manufacturing project in Ohio, US, rescheduling the factory’s commissioning date to 2030.
Originally expected to begin production this year, the chip maker is now targeting first production in 2030 or perhaps 2031.
“As we continue to invest across our US sites, it’s important that we align the start of production of our fabs with the needs of our business and broader market demand,” Intel vice president and head of global operations Naga Chandrasekaran said.
“This has always been our approach, as it allows us to manage our capital responsibly and adapt to the needs of our customers.”
The company has also delayed a second plant until 2031, with operations to begin the following year.
Rumours Intel could be carved up
As previously reported, there have been whispers that global chip manufacturer TSMC could acquire Intel’s chip manufacturing plants.
Former Intel directors David Yoffie, Reed Hundt, Charlene Barshefsky and James Plummer recently wrote a column in Fortune magazine explicitly decrying the TSMC acquisition, calling for Intel’s manufacturing arm to be spun off and sold to western investors.
Either way, Intel’s stock has lifted as investors buy-in to a potential carve-up of the company, with share prices lifting 22% over the past month.