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- MarketScreener
Intel is delaying its construction
timeline for its $20 billion chipmaking project in Ohio amid
market challenges and the slow rollout of U.S. grant money, the
Wall Street Journal reported on.
Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project. Uncertain demand for its chips used in the traditional server and personal computer markets had led the company to forecast revenue for the first quarter below market estimates late last month. This came as a shift in spending to AI data servers, dominated by rivals Nvidia and aspiring AI competitor Advanced Micro Devices, sapped demand for traditional server chips - Intel's core data center offering.
Switzerland s Holcim Plans Separation of US Business usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Holcim did not immediately respond to a request for comment on the report. Holcim has close to 350 sites in 43 states in the U.S. and employs 7,000 people, according to its website. In July last year, the Swiss company said North America was on track to reach around 40% of group sales, increasing to roughly $12 billion, up from $10 billion the previous year.