Of all the things that chip stock Intel (INTC) did not need right now, it was another rival going after another part of its business. That,

Intel's promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first factory in New Albany now expected to be completed only by 2030, the struggling chipmaker said on Friday.

The site in New Albany, Ohio, is now set to be completed in 2030, with operations starting as late as 2031, compared with the original operations start date that was set for 2025.