(Reuters) -Intel is delaying the construction timeline for its $20 billion chipmaking project in Ohio amid market challenges and the slow rollout of U.S. grant money, the Wall Street Journal reported on Thursday. Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project. "We are fully committed to completing the project, and construction is continuing. Uncertain demand for its chips used in the traditional server and personal computer markets had led the company to forecast revenue for the first quarter below market estimates late last month. (Reporting by Max A. Cherney in San Francisco, Manya Saini and Jyoti Narayan in Bengaluru ; Editing by Arun Koyyur)

Source: Wall Street Journal February 02, 2024 11:08 UTC