"Intel Pushes Back Ohio Plant Launch to 2026, Sparks AMD Stock Surge"
TL;DR Summary
Intel has postponed the opening of its new $20 billion chip plant in Ohio to 2026, citing ongoing weakness in the chip market and delays in funds from the CHIPS Act. The company originally planned to open the facility in 2025 but is now facing setbacks due to funding and demand issues. This delay aligns with similar challenges faced by Taiwan Semiconductor in Arizona, highlighting the industry's reliance on government support for expansion.
Topics:business#businesstechnology#chips-act#funding-delays#intel#ohio-chip-plant#semiconductor-market
- Intel postpones Ohio plant launch to 2026: WSJ Yahoo Finance
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- Ohio residents and state senator offer thoughts on updates to Intel project NBC4 WCMH-TV
- Intel delays completion of $20 billion project in Licking County The Columbus Dispatch
- Intel announces delay on construction timeline of Licking County manufacturing facilities 10TV
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