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WSJ Tech News Briefing

TNB Tech Minute: Intel Delays $28 Billion Ohio Semiconductor Project

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 28 February 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus, Skype is shutting down. And companies respond to the U.K.’s competition watchdog’s investigation into Google Search. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Does it ever feel like you're a marketing professional just speaking into the void?

0:05.4

Well, with LinkedIn ads, you can know you're reaching the right decision makers.

0:09.1

You can even target them by job title, industry, company, role, seniority, skills, company revenue,

0:15.5

and do I say job title yet?

0:17.5

Get started today and see how you can avoid the void and reach the right buyers with

0:21.4

LinkedIn ads. To get 100 pounds of your first campaign, go to LinkedIn.com slash lead to claim

0:27.2

your credit. Terms and conditions apply. Here's your TNB Tech Minute for Friday, February 28th. I'm

0:35.8

Julie Chang for the Wall Street Journal. Intel says it's delaying a

0:40.2

$28 billion semiconductor project in New Albany, Ohio by about five years. The chipmaker said

0:47.1

today that the site is now set to be completed in 2030 with operations starting as late as

0:52.4

2031. Intel said it's slowing construction to manage capital and

0:57.5

align with demand. It isn't the first delay of the project, which started in 2022. The company has

1:04.6

struggled to find customers for its contract chip making business. Intel stock has lost

1:09.3

nearly half its value in the past year.

1:12.7

You won't be hearing this sound for long.

1:18.6

Microsoft is shutting down Skype in May. The company said today it's retiring Skype to streamline

1:25.5

its free consumer communications offerings. The Tech Titan is

1:29.3

encouraging Skype users to migrate to its free Teams app. Skype, the communication service that

1:35.3

popularized making calls over the internet, was acquired by Microsoft in 2011 for $8.5 billion,

1:42.8

which at the time was the biggest acquisition in the company's history.

1:47.3

And the UK's Competition and Markets Authority published comments yesterday from companies,

1:53.0

lobbyists, and academics as it continues its antitrust investigation into Google Search.

...

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