‘There’s no sign that anything is not going to happen here’: DeWine responds to Intel’s business woes

  • 📰 clevelanddotcom
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

@Lll News

Intel-Ohio,Mike-Dewine,@Sub-Group-C

National business media reported last week that Intel is considering scaling back its construction plans.

An aerial view from February 2024 shows construction progress at Intel's Ohio One campus of nearly 1,000 acres in Licking County, Ohio. Intel announced plans in January 2022, to invest more than $20 billion in the construction of two new leading-edge chip factories in Ohio. The company broke ground in September 2022. The investment will serve the needs of Intel Foundry customers as part of the company’s IDM 2.0 strategy.

The company broke ground in September 2022. The investment will serve the needs of Intel Foundry customers as part of the company’s IDM 2.0 strategy.COLUMBUS, Ohio — Gov. Mike DeWine said Thursday he believes Intel Corp. will continue with its plans to build a $20 billion factory outside Columbus, even as the company contends with mounting financial losses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 301. in BUSİNESS

Business Business Latest News, Business Business Headlines