Intel plans to double factory capacity in four years, promises ‘unlimited budget’ for new technologies
Intel told investors Thursday that it will spend whatever it takes to overcome the global chip shortage and restore the company’s technology leadership. The spending spree, detailed for investment analysts at a meeting in San Francisco, reflects the difficult spot where Intel finds itself. Its sales barely budged in 2021 as competitors posted gains of […]
Intel nears $6 bln deal to buy Tower Semiconductor – source
Feb 14 (Reuters) – Intel Corp is close to buying Israeli firm Tower Semiconductor (TSEM.TA) for about $6 billion, a source familiar with the matter said, as the U.S. company looks to advance its strategy of contract manufacturing chips for other businesses. A deal could be unveiled as soon as this week, the person said on Monday, […]
Intel invests in Ohio!
Midwest sets stage for US semiconductor leadership American manufacturing is back! Intel just announced one of the largest domestic investments in our history, committing more than $20 billion to create a new semiconductor technology manufacturing center in Licking County, Ohio. Intel’s new site will house two leading-edge chip factories and will attract many other companies […]
