x86 giant still expects to ramp 18A process tech this year

Intel's floundering foundry business hit another speed bump on Friday after executives delayed the completion of its $28 billion Ohio factory build-out until at least 2030.

"As we continue to invest across our US sites, it's important that we align the start of production of our fabs with the needs of our business and broader market demand," Intel's Chief Global Operations Officer and foundry lead, Naga Chandrasekaran, wrote in an open letter to employees Friday. "With that in mind, we are adjusting the timeline for our two Ohio fabs."

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