The second remaining US President Joe Biden visited the New Intel semiconductor manufacturing plant near New Albany, Ohio, on Friday, September 9, 2022.
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Intel The embattled chip maker said Friday it is launching its Ohio chip manufacturing plant opening.
The company said it will not be able to complete the construction of its first factory until 2030, the year or the next year. The second factory A complex of up to $100 billion It may be completed in 2031 and will start operating in the second year. The company initially plans to start The first factory produced in 2025.
“As we continue to invest in our U.S. website, it is important that we align the beginning of factory production with our business needs and the broader market demand.” Naga ChandrasekaranVice President of Manufacturing and Global Operations Officer, Intel Foundry Foundry release. “This has always been our approach because it enables us to manage our capital responsibly and adapt to the needs of our customers.”
Intel, the world’s leading semiconductor manufacturer, has lost that distinction in recent years and has been on the decline slides, largely due to its position during the AI boom. The stock lost more than half of its value last year, and the company estimated sales to slow, while also trying to get deeper into the capital-intensive chip manufacturing business.
In August, stocks suffered their worst day fall Stock market for 50 years After the company announced disappointing quarterly results. Intel also said it will account for 15% of its employees. This makes the company a potential target for recent takeovers, and also leads to CEO Pat Gelsinger fires In December.
Intel is the central beneficiary of former President Joe Biden’s bargaining chips and the Science Bill Office. The government recently awarded the company Approximately $8 billion in grants In November, to enhance semiconductor production on U.S. soil.
