Now Intel must fulfill promise to state, feds
It’s official. Intel has formally submitted a report to the Ohio Department of Development that updates the timeline for its semiconductor fabrication plant in New Albany. Now, according to a report by WCMH, Intel’s planned Ohio One facility will be finished between 2026 and 2027 before becoming operational between 2027 and 2028. Having secured $3.5 billion in funding to produce semiconductors for the U.S. military, surely Intel executives intend to fulfill their promises to Ohio and the federal government. Back in June, Intel got $600 million in grants from the state DoD. “This ...