Fermi CEO Toby Neugebauer is leaving the company, as the data center developer faces issues in securing an anchor tenant and construction delays (Amy Harder/Axios)

Amy Harder / Axios: Fermi CEO Toby Neugebauer is leaving the company, as the data center developer faces issues in securing an anchor tenant and construction delays — The world's largest data center project — backed by Trump allies and bearing his name — is stalled by delays and logistical hurdles that could stop it before it even starts.

Survey: only 35% of Virginia voters are comfortable with new data center construction, down from 69% in 2023, and just 37% support data center tax breaks (Washington Post)
Analysis: US state lawmakers introduced 12 data center moratorium bills in 2026, 11 stalled or voted out, with a Maine bill set for a final vote on April 15 (Ellen Thomas/Business Insider)
SynMax: ~40% of US data centers due in 2026 are facing delays, with major sites for Microsoft, OpenAI, and others likely set back by more than three months (Financial Times)
50% of US data centers are being delayed or canceled. 17% are uncertain. Only 33% are actually being built. This what's driving AI compute i…

Source: Techmeme | 2026-04-19

Related