Report confirms delayed timeline for Intel facility in New Albany
COLUMBUS, Ohio (WCMH) — A missed launch prediction for Intel’s computer chip plant has been cemented in documents submitted to the state of Ohio.
A report submitted by Intel to the Ohio Department of Development penciled in an updated timeline for its New Albany semiconductor fabrication plant. A company spokesperson already told NBC4 the factory would not meet a goal to start production by 2025 in February. But this was the first public document to acknowledge the change.
Intel’s Ohio One facility, first slated to be completed in 2025, will be finished with construction between 2026 and 2027 before becoming operational between 2027 and 2028, according to an annual report. The company had just been approved for $3.5 billion in funding to produce semiconductors for the U.S. military.
The report, signed by Vice President and Ohio Site Manager Jim Evers, said that Intel continues to make “great progress” toward New Albany’s Silicon Heartland. Evers explained that in addition to the $1.5 billion in spending reported through 2023, Intel has an extra $3 billion in contractually committed spends underway, for a total of $4.5 billion committed toward its Ohio One projects.
“This investment is growing every day as we work to establish a new manufacturing campus to build leading-edge semiconductor chips right here in Ohio,” Evers said in the report.
Since starting the project in 2022, Intel’s semiconductor facilities plan has faced delays — both in construction and in funding. In February, Intel admitted that it would not meet its goal of manufacturing computer chips at its Ohio One plants by 2025. The company, which has sought upward of $10 billion in government funding for the project, is also waiting on CHIPS Act awards.
But Intel has already received money from the state government. In June 2023, the Ohio Department of Development finalized an onshoring agreement that awarded Intel $600 million in grants to build the two manufacturing facilities at the site in central Ohio. While the state can claw back its initial offer if Intel doesn’t keep up its end of the bargain, Intel will keep the money if the plants are operating with at least 3,000 workers by the end of 2028.
Ohio Lt. Governor Jon Husted pointed to a bustling supply chain coming to Intel in New Albany.
“Construction logistics are quite amazing,” Husted said. “Barges of equipment are coming up the Ohio River, getting offloaded in Adams County — and then the organization of enormous truckloads of equipment making their way to Licking County — adds to the billions invested already by the company and the growing number of Ohio-based suppliers.”
For the latest news, weather, sports, and streaming video, head to NBC4 WCMH-TV.
