In a news release sent out by CEO Lip-Bu Tan on July 24, he said Intel will be “further slowing construction in Ohio.”
COLUMBUS, Ohio — Intel’s project in Ohio is being pushed back again.
In April, the company announced it would be 2031 before the plant between New Albany and Johnstown would be in operation. In a news release sent out by CEO Lip-Bu Tan on July 24, he said Intel will be “further slowing construction in Ohio.”
“We remain deeply committed to investing in the U.S., where we will apply the same level of financial discipline. To that end, we are further slowing construction in Ohio to ensure our spending is aligned with demand – while maintaining flexibility to accelerate based on new customer wins,” Tan wrote in part.
The news comes after the company reported its second quarter 2025 results. Tan said the company has delivered revenue above the high end of guidance.
Still, the company is implementing a plan to reduce its workforce by approximately 15%, ending the year with a global workforce of about 75,000 employees.
“I know the past few months have not been easy,” Tan wrote to employees. “We are making hard but necessary decisions to streamline the organization, drive greater efficiency and increase accountability at every level of the company.”
In addition to delaying the Ohio plant, Tan announced that previously planned projects in Germany and Poland will be canceled. Assembly and test operations in Costa Rica will also be consolidated to larger sites in Vietnam and Malaysia.
Ohio Gov. Mike DeWine first announced Intel’s $20 billion investment in January 2022, with the promise that it would bring thousands of jobs to the state. The governor also said that the project would be the largest single private-sector company investment in Ohio’s history.
Intel’s multi-billion-dollar investment was designed to address the global shortage of microprocessors used in everything from phones and cars to video games.
Intel broke ground in New Albany in September 2022 with former President Joe Biden and other leaders being in attendance. Biden praised the company for plans to “build a workforce of the future.”
Operations were expected to begin in 2025. Since then, the company faced several delays in construction — reasons Intel attributed to funding from the Biden administration’s CHIPS Act and business conditions.
10TV reached out to DeWine’s office for comment, but has not yet heard back.
