# Intel Pushes Back Ohio Chip Factory Debut to 2030
### Key Takeaways
* Intel revealed it will put off the launch of two chip fabrication facilities presently being built in Ohio.
* The firm’s top worldwide operations executive stated the adjustment mirrors market requirements.
* Intel’s chip manufacturing division has been the focus of recent deal discussions.
Intel (INTC) stated it intends to postpone the debut of two chip manufacturing facilities currently under construction in Ohio.
The chipmaker, which is facing difficulties, now anticipates its two plants at its Ohio One site to be finished in 2030 and 2031, Intel’s Chief Global Operations Officer Nagesh Chandrasekaran stated in a public message to staff on Friday. A year earlier, the corporation indicated it intended to finish construction of the $28 billion project in 2026, which was already a postponement from its initial 2025 goal. Intel started construction in 2022.
“As we continue to invest across the US, it’s crucial that we coordinate the output of our fabs with our business needs and wider market demand,” Chandrasekaran stated. He added that construction could be sped up in the future “if customer demand permits.”
The delay occurs as Intel’s struggling foundry business has been the topic of acquisition conjecture. Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s biggest chip manufacturer, has purportedly contemplated acquiring some or all of Intel’s chip plants as part of an investor consortium or other arrangement. Broadcom (AVGO) has also reportedly considered acquiring Intel’s chip design and marketing operations.
Intel shares saw little movement in extended trading on Friday after increasing almost 3% in regular trading. They have lost nearly half their worth in the previous 12 months. Toncoin (TON) Value Forecast for March 26th
