Intel Delays Ohio Fab Openings to at Least 2030-2032

Intel said today that it has delayed the opening of two new Ohio-based fabs that it announced in 2022 and expected to finish this year.

“As we continue to invest across our U.S. sites, it’s important that we align the start of production of our fabs with the needs of our business and broader market demand,” Intel executive vice president Naga Chandrasekaran explains. “This has always been our approach, as it allows us to manage our capital responsibly and adapt to the needs of our customers.”

Originally, Intel planned to open both of these new facilities in 2025 as part of what is now a $28 billion investment and a major component of its recent push to expand U.S.-based chip manufacturing. But now the first of these two fabs, called Mod 1, will be completed in 2030 and will be fully operational by 2031. Mod 2, the second fab, is likewise delayed to 2031, with operations beginning in 2032.

The good news? Intel isn’t halting construction. Instead, it will continue construction at a slower pace, allowing it the accelerate when and if possible.

“In no way does this diminish our long-term commitment to Ohio,” Chandrasekaran adds. “We have already started hiring Ohioans who are training at our fabs in Arizona, New Mexico and Oregon, and we will continue to scale our hiring as we approach our operational dates. Intel is proud to call Ohio home, and we remain excited about our future here.”