Why Intel says it had to delay its Ohio One project in New Albany [Yahoo! Finance]
Intel Corporation (INTC)
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Source: Yahoo! Finance
On Thursday, Intel released both reports and reaffirmed its commitment to build Intel Foundry , the semiconductor manufacturing division of the company that oversees the project underway in New Albany. Although the company said it wants Intel Foundry to become a market leader in semiconductor manufacturing, it said its strategy is “highly risky” and may not pay off. See previous coverage of Intel's delay in the video player above. Intel said the competitive semiconductor market and unpredictable political concerns led them to slow the completion of the Ohio facility last month . Amid financial woes , the company said it may have to continue to redirect money to existing facilities instead of construction in Ohio and abroad, and that the
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