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Funding Delays

All articles tagged with #funding delays

businesstechnology1 year ago

"Intel Pushes Back Ohio Plant Launch to 2026, Sparks AMD Stock Surge"

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.