Intel stock gains after delaying $28 bln Ohio chip factories

Investing.com

03-01

Investing.com - Intel's $28 billion chip plants in Ohio are facing further delays. Shares of Intel Corporation (NASDAQ:INTC)rose 2.7%.

The first factory in New Albany is now set to be finished by 2030, with operations starting between 2030 and 2031—at least five years later than planned.

Intel has been cutting costs after its push to become a contract chipmaker strained its finances. The company said the delays will help align factory operations with market demand and manage capital wisely.

"We are taking a prudent approach to ensure we complete the project in a financially responsible manner," said Naga Chandrasekaran, general manager of Intel Foundry Manufacturing.

The second Ohio factory is now expected to be completed in 2031 and start operations in 2032.

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Shares of Intel Corporation (NASDAQ:INTC)rose 2.7%. <br/><br/>The first factory in New Albany is now set to be finished by 2030, with operations starting between 2030 and 2031—at least five years later than planned.</p>\n<p>Intel has been cutting costs after its push to become a contract chipmaker strained its finances. The company said the delays will help align factory operations with market demand and manage capital wisely.</p>\n<p>\"We are taking a prudent approach to ensure we complete the project in a financially responsible manner,\" said Naga Chandrasekaran, general manager of Intel Foundry Manufacturing.</p>\n<p>The second Ohio factory is now expected to be completed in 2031 and start operations in 2032.</p>\n<p>Related Articles</p>\n<p>Intel stock gains after delaying $28 bln Ohio chip factories</p>\n<p>Jones Lang LaSalle outlook revised to stable amid stronger CRE activity: S&P Global Ratings</p>\n<p>Wells Fargo drops financed emissions target amid ESG rethink</p>\n<div class=\"bt-text\">\n<p> 來源：<a href=\"https://finance.yahoo.com/news/intel-stock-gains-delaying-28-205910325.html\">Investing.com</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4529","symbol_name":"IDC概念","start_time":0,"source_url":"https://finance.yahoo.com/news/intel-stock-gains-delaying-28-205910325.html","article_id":"2516304791","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516304791","pubTimestamp":1740776350,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com - Intel's $28 billion chip plants in Ohio are facing furtherdelays. Shares of Intel Corporation rose 2.7%. The first factory in New Albany is now set to be finished by 2030, with operations starting between 2030 and 2031—at least five years later than planned.Intel has been cutting costs after its push to become a contract chipmaker strained its finances. The company said the delays will help align factory operations with market demand and manage capital wisely.\"We are taking a prudent approach to ensure we complete the project in a financially responsible manner,\" said Naga Chandrasekaran, general manager of Intel Foundry Manufacturing.The second Ohio factory is now expected to be completed in 2031 and start operations in 2032.Jones Lang LaSalle outlook revised to stable amid stronger CRE activity: S&P Global Ratings. Wells Fargo drops financed emissions target amid ESG rethink","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4529":"IDC概念","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4602":"量子计算概念","BK4535":"淡马锡持仓","BK4543":"AI","BK4527":"明星科技股","BK4579":"人工智能","BK4588":"碎股","BK4550":"红杉资本持仓","BK4141":"半导体产品","BK4605":"半导体精选","INTC":"英特尔","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4512":"苹果概念"},"translate_title":"英特尔推迟俄亥俄州280亿美元芯片工厂建设后股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTC":1},"content_text":"Investing.com - Intel's $28 billion chip plants in Ohio are facing further delays. Shares of Intel Corporation (NASDAQ:INTC)rose 2.7%. The first factory in New Albany is now set to be finished by 2030, with operations starting between 2030 and 2031—at least five years later than planned.\nIntel has been cutting costs after its push to become a contract chipmaker strained its finances. The company said the delays will help align factory operations with market demand and manage capital wisely.\n\"We are taking a prudent approach to ensure we complete the project in a financially responsible manner,\" said Naga Chandrasekaran, general manager of Intel Foundry Manufacturing.\nThe second Ohio factory is now expected to be completed in 2031 and start operations in 2032.\nRelated Articles\nIntel stock gains after delaying $28 bln Ohio chip factories\nJones Lang LaSalle outlook revised to stable amid stronger CRE activity: S&P Global Ratings\nWells Fargo drops financed emissions target amid ESG rethink","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}