Intel Affirms Commitment to $28 Billion Ohio Chip Plant Despite Delay to 2030

Intel has reaffirmed its commitment to constructing the Ohio One semiconductor manufacturing plant despite significant delays pushing the opening to 2030, well beyond the original 2024 timeline. U.S. Senator Bernie Moreno has pressed Intel for detailed updates and economic impact assessments, expressing concerns over the $2 billion in public incentives and nearly $700 million in infrastructure investments by Ohio that have yet to yield results. Intel's responses have emphasized ongoing collaboration with local stakeholders and the importance of the project to the company's long-term U.S. manufacturing goals but have not addressed specific economic contingencies or mitigation plans for the delays. The project remains a critical component of U.S. efforts to expand chip manufacturing capacity, supported by federal investments including a 10% government stake facilitated by President Donald Trump. Intel's stock has risen notably this year amid this backing and strategic partnerships, despite the company's recent workforce reductions and project setbacks. Local officials are urging better transparency and accountability as the state continues to invest heavily in the plant's development.