Despite the delay, Intel remains committed to the project and continues with construction. The company cited that managing large-scale projects often involves changing timelines. Last month, Intel forecasted its first-quarter revenue below market estimates due to uncertain demand for its traditional server and personal computer chips, as spending shifts to AI data servers, a market dominated by rivals Nvidia and Advanced Micro Devices.
Key takeaways:
- Intel is delaying the construction timeline for its $20 billion chipmaking project in Ohio due to market challenges and slow rollout of U.S. grant money.
- The initial timeline had chip-making starting next year, but construction is now not expected to be finished until late 2026.
- Despite the delay, Intel remains committed to the project and construction is continuing.
- Uncertain demand for its chips used in traditional server and personal computer markets, and a shift in spending to AI data servers, have led the company to forecast revenue for the first quarter below market estimates.