Intel (INTC) said it plans to push back the opening of two chipmaking facilities currently under constructio☂n in Ohio. 🎃

The beleaguered chipmaker now expects the two plants on its Ohio One campus to finish construction in 2030 and 2031, Intel Chief Global Operations Officer Naga Chandrasekaran said in an open letter to employees Friday. A year ago, the company said its goal was to finish construction on the $28 billion project in 2026—already a delay from its original target of 2025. Intel broke ground on the project in 2022.

“As we continue to invest across our U.S.♏ sites, it’s important that we align the start of production of our fabs with the needs of our business and broader market demand,” Chandrasekaran said. Construction could be accelerated in the future “if customer demand warrants,” he added. 

The delay comes as Intel’s struggling foundry business has been the subject of 澳洲幸运5官方开奖结果体彩网:acquisition speculation. TSMC (TSM), the world’s largest chip manufacturer, has reportedly considered taking over some or all of Intel’s chip plants as part of an investor consortium or another structure. Separately, Broadcom (AVGO) has also reportedly looked into buying Intel’s chip-design and marketing busineღss. 

Shares of Intel were little changed in extended trading Friday after climbing close to 3% in the regular session. They've lost close to half their value over the past 12 months.