Intel delays the $ 28 billion Ohio chip factory until 2030

(Reuters) -Itel the 28 billion dollars of the promised $ 28 billion in Ohio, the first factory in the new factory in the new factory in the first factory, the ChipMaker, who fought on Friday.

The first factory will start operations between 2030 and 2031 in a short time, the original schedule between 2030-2031 has extended its original schedule for at least ten years.

Intel, after cutting an expensive proposal to become an expensive offer to become a contract manufacturer for other companies, strained the balance sheet of balance to restore lost fame.

Changes were made in Intel, the factory operation can match the market demand, and “capital responsibility”, Naga Chandrasekaran, Naga Chandrasekaran, said in a message to the employees shared as a press release.

“We are a careful approach to our financial responsibility.”

The company’s second Ohio factory will end in 2031 and will begin in 2032.

The company’s shares were more than 5%, but later tied some gains for about 1% higher trading.

Local News Outlet Columbus Shipping first informed about delays on Friday.

Last year, the company stopped 15% of the workforce, and created a large expense plan covering the mass cuts in capital expenditures in the coming years.

Its financial head David Zinzner said Reuters, last month that the company’s goal was to ensure that operating expenses were about $ 17.5 billion for 2025.

(Notification by Arsheers Bajwa in Bengaluuda;