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Intel slows $28 bn chip factory project in Ohio
Intel slows $28 bn chip factory project in Ohio
Economy
by  AFP

Struggling US chip maker Intel on Friday pushed out the timeline for completing two new fabrication plants in Ohio, saying it is taking a prudent approach to the $28 billion project. For the full year 2024, Intel recorded a net loss of $18.8 billion as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.