Inside Intel's announcement to further slow construction in New Albany [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance
Intel's Q2 results were slightly better than anticipated but came with more restructuring announcements as it tries to fix its financial problems. In part, this came with a pivot away from projects like Intel's $28 billion “ Ohio One project ” and more clarity about its mass layoffs . The results indicated a possible move away from Intel Foundry, the division responsible for the plant under construction in New Albany, if the company is unable to get new customers soon. “While we are slowing down Ohio, we're not stopping Ohio,” Intel CFO David Zinsner said. Columbus targeting specific areas for crime, beautification In statements, both Ohio Gov. Mike DeWine and the city of New Albany reiterated their support of the Intel project. “The City of New Albany remains encouraged by the company's continued investment in our region,” the New Albany statement reads, in part. “While the pace of construction in Ohio may not be as fast, Intel has affirmed its commitment to Ohio as the ne
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