Facing substantial financial losses, Intel has postponed its US$28 billion chip plant project in Ohio to 2030, aligning production with market demand. The company’s expansion plans, including projects in Malaysia and Europe, have also been scaled back amid shifting industry dynamics, particularly due to fierce competition from other semiconductor manufacturers.
Intel, the American semiconductor manufacturer, has postponed the completion of its new fabrication plants in Ohio, originally planned to start production in 2025. The timeline has now shifted to 2030 due to the company’s need to align production with market demand and ongoing financial challenges, which include a significant net loss reported at US$18.8 billion for the year 2024.
Intel’s decision to delay production and scale back expansions reflects its struggle to remain competitive in the semiconductor market against rivals like TSMC and Samsung. The company adapts its plans in response to lower-than-expected demand and shifts in market dynamics, indicating a need to recalibrate its operational strategies moving forward.
Original Source: www.malaymail.com
