Intel announced that it is further delaying plans to open two chip fabrication facilities in Ohio, with the first facility, Mod 1, now set to open in 2030 and the second facility, Mod 2, to be completed in 2031. The $20 billion project was originally announced in 2022 with an ambitious opening set for 2025. Intel says it has completed the 'basement' level of its Ohio One project, allowing above-ground construction to begin. The company cites a 'prudent approach' to ensure the chip fabs are completed in a financially responsible manner, aligning the start of production with business needs and broader market demand. This delay adds to a tumultuous period for Intel, which has seen the departure of its former CEO, reduced funding from the CHIPS Act, layoffs, and continued competition from chip makers like AMD.