Intel Installs First Major Truss at Ohio Plant After Years of Delays

what happened

Intel said it has installed the first major structural truss at its chipmaking facility in Ohio, a step it described as part of its broader construction progress. The company's Intel Foundry executive Naga Chandrasekaran called the development "another significant step toward expanded U.S. leading-edge semiconductor capacity" in a company post, as reported by Stocktwits.

The Ohio project, with planned investments above $28 billion, was originally expected to start producing chips in late 2025. The revised schedule puts completion of the first factory in 2030, with operations starting between 2030 and 2031, and the second factory finishing in 2031 with operations from 2032. Intel also said construction and equipment installation are underway at its Fab 62 site in Arizona, with operations expected by the end of 2028.

According to Stocktwits, INTC shares were up more than 1% at the time of writing and have roughly doubled and then some this year, gaining over 135%.

why it matters

The delays matter for markets because Intel has slowed construction to match spending with customer demand, and most of its foundry revenue still comes from internal orders. Foundry generated $5.8 billion in second-quarter revenue with an operating loss of about $2.1 billion. Investors will watch third-quarter results due October 29.

market impact

Semiconductors: later timelines for new US capacity weigh on expectations for INTC and sector ETFs.

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