Intel Pushes Back $20 Billion Ohio Chip Plant Timeline to Late 2026 Amid Market Headwinds
• Intel delaying $20B Ohio chipmaking project timeline, now not expected to be finished until late 2026 • Citing market challenges and slow rollout of U.S. grant money • Intel still fully committed to completing the project, construction continuing • Uncertain demand for Intel's traditional server and PC chips leading to lower revenue forecasts • Shift in spending to AI servers dominated by rivals Nvidia and AMD hurting demand for Intel's core data center chips