Thanks to the bipartisan CHIPS Act, tech giant Intel chose to invest billions in Ohio to develop a massive semiconductor manufacturing plant.

CLEVELAND, Ohio - Intel is delaying its computer chip factory in New Albany for five years. Will the company really follow through? We’re talking about the pause in the giant construction project on Today in Ohio.

Intel’s plans to build two chip factories in New Albany, Ohio for an investment of more than $28 billion have been postponed. One of the plants was planned to be operable in 2025, according to The Wall Street Journal. The new timelines are:

Rumors continue to swirl regarding the future of Intel Corp., after the company has been beleaguered by financial woes. The latest has Intel delaying its New Albany, Ohio, semiconductor fabs even further to perhaps even next decade.

Intel originally said it expected to begin production at the New Albany, Ohio, site in 2025, and later pushed that back to 2027. It now says it expects to begin production at the first fab in 2030 or 2031, and construction of the second fab is expected to complete in 2031 for operations starting in 2032.

After years of decline, the once-great Silicon Valley icon is reportedly considering a plan to split itself apart.

Intel Corp. has again pushed back the expected opening for its semiconductor project in central Ohio. The struggling chipmaker announced Friday that construction on the first of its two factories — known as fabs — planned for New Albany is now expected to be completed in 2030 and begin operations between then and 2031.