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Intel's Ohio chipmaking plans slow
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Intel's Ohio chipmaking plans slow
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6th February 2024, 07:01
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,738
 |  Intel's Ohio chipmaking plans slow Look Out Cleveland Intel's £14 billion chip project in Ohio is slowing as the US government drags its feet on giving Chipzilla public cash to prop up its capitalist model and make it a fortune. The tech giant had hoped to start making chips next year, but now they say they won't finish building the factories until late 2026. The news sent Intel's shares tumbling by 1.5 per cent in after-hours trading. "We are still keen to finish the project, and we are working hard. We have done a lot in the last year," an Intel mouthpiece said, making excuses for the delays. Intel had already admitted that its sales for the first quarter would be lower than expected last month. That's because customers are ditching its old-fashioned server and PC chips for AI data servers, which are ruled by its rivals Nvidia and AMD. https://fudzilla.com/news/58386-inte...ing-plans-slow |
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