"Intel Cites Slow Chip Market for Delaying $20 Billion Ohio Project"
Intel is delaying the construction timeline for its $20 billion chipmaking project in Ohio due to market challenges and slow grant money rollout, with construction now expected to finish in late 2026 instead of next year. Uncertain demand for its chips in traditional server and PC markets, along with a shift in spending to AI data servers, has led to forecasted revenue for the first quarter below market estimates.