“We are taking a prudent approach to ensure we complete the project in a financially responsible manner that sets up Ohio One for success well into the future,” Naga Chandrasekaran, the executive vice president, chief global operations officer and general manager of Intel Foundry Manufacturing, stated in a message posted on Intel's website.
The struggling chipmaker announced Friday that construction on the first of its two factories — known as fabs — planned for New Albany is now expected to be completed in 2030 and begin operations between then and 2031.
The first plant initially was due to begin operating in 2025, but the project has since been delayed by financial concerns, the departure of its CEO last December and other problems.
Intel announced the project in January 2022 and broke ground eight months later at the site in Licking County, just northeast of Columbus.
Intel has received $2.2 billion of the $7.8 billion in funding it was due as part of the federal CHIPS Incentives Program.
