Struggling US chip maker Intel on Friday pushed out the timeline for completing two new fabrication plants in Ohio, saying it is taking a prudent approach to the $28 billion project. For the full year 2024, Intel recorded a net loss of $18.8 billion as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.

Struggling US chip maker Intel on Friday pushed out the timeline for completing two new fabrication plants in Ohio, saying it is taking a prudent approach to the $28 billion project.

According to The Columbia Dispatch, Intel's promised $28 billion semiconductor project in central Ohio has been delayed again until 2030, with operations beginning sometime shortly thereafter in either 2030 or 2031. From the report: By the time it opens, Intel's first factory will have faced at lea...