Intel's Ohio One project delayed until at least 2030
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Intel's Ohio One semiconductor plant in New Albany has been delayed again.
Why it matters: The gigantic $20 billion project is the largest private investment in Ohio history, promising to create 7,000 construction jobs, 3,000 permanent openings and room for growth.
Driving the news: Intel announced Friday it is "adjusting the timeline" for the pair of planned production facilities, or "fabs." It now plans to begin operations in the first fab in 2030 or 2031 and the second in 2032.
State of play: This marks the second major delay in Intel's timeline, which is now at least five years behind the original schedule.
- Initial estimates said production would be online at the end of 2025.
- Last year, that projection was pushed back to "2027-2028."
The big picture: Intel came to Central Ohio thanks to $2 billion in incentives.
- Matt Englehart, a spokesperson for the state's private economic development arm JobsOhio, tells Axios in a statement that Intel's commitment to jobs, investment and "its most advanced chip production fabs on Earth in Ohio remains unchanged" despite the delay.
- The spokesperson says Ohio is "a flexible partner."
Zoom in: In a statement, New Albany Mayor Sloan Spalding says the city "remains steadfast in meeting our commitments to bringing online this transformative project."
- Spalding calls Intel an "outstanding partner" and says the city is "encouraged by their continued investment" in the site.
- The statement also says about 80% of New Albany's portion of infrastructure work is complete.