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Intel is further delaying construction of its $20 billion Ohio chip plant, pushing back the operational start date beyond the previously announced 2031. CEO Lip-Bu Tan cited the need to align spending with demand and maintain flexibility. This follows the company's announcement of a 15% workforce reduction and cancellation of projects in Germany and Poland. The Ohio plant, initially expected to open in 2025, is now facing significant delays despite groundbreaking in 2022 and promises of thousands of jobs.

Prepared by Christopher Adams and reviewed by editorial team.