(Reuters) -Intel has promised a $ 28 billion chip production facilities facing further delays, and the first factory in New Albany is now expected to be completed only by 2030, he said on Friday, which was fighting for chips.
The first factory will start operating sometime shortly after, between 2030 and 2031, the company said, extending its original time lane for at least half a decade.
Intel reduced capital expenses after a set of offers to become a manufacturer of a contract of a contract for other companies, in a move to renew the lost fame, strained the balance sheet.
Changes have been made so that Intel can reconcile his factory work with market demand and “responsibly manage capital,” said Naga Chadrasekaran, the General Director of Intel Foundry Manufacturing, he said in a message to employees that was divided into a statement for the public.
“We accept a cautious approach to ensure that the project is completed in a financially responsible manner.”
Ohio’s second factory will end the construction of 2031, and will start starting in 2032, Intel said.
The company’s shares have increased more than 5%, but later compared some gains to trade about 1% more.
Local news Columbus Dispatch first reported the delays earlier on Friday.
Last year, the company dismissed 15% of its labor force, suspended dividend and launched an extensive savings plan for saving costs that included a mass reduction of its capital expenditures in the coming years.
His finance chief David Zinsner told Reuters last month that the goal of the company was to ensure that operating costs would be approximately $ 17.5 billion for 2025.
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