Intel shares are experiencing their worst month in over 20 years, down more than 30% in April. The chipmaker is struggling with executing a turnaround. Despite challenges, Intel CEO Pat Gelsinger remains optimistic about the company's progress, aiming to complete their goal of five nodes in four years. Intel is making a $28 billion investment in building Ohio into a global chips capital, with plans for a mega fab that could become the world's largest chip factory. The company is betting big on new factories and assistance from the Biden administration to stage a comeback and boost the US economy.
Intel's chips are down, but it's splashing billions on new factories in hopes of a comeback that it believes will also be a boon for the US economy. Read today's Big Take. https://t.co/4JxVycP49c
Intel has been struggling lately to catch up to foreign competitors. The company is betting big on multiple new factories and assistance from the Biden administration. @chafkin explains https://t.co/X0EXiew3kJ https://t.co/aCEsAEFjUM
$INTC (+1.6% pre) Intel Bets $28 Billion Comeback on High-Tech US Chip Designs - BBG https://t.co/JzuHpgJ8dr
A look at Intel's efforts to build Ohio One, a "mega fab" that could become the world's largest chip factory and for which the company has committed $28B (Bloomberg) https://t.co/v2y6tBBr3B 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/pERpJ0fnHy
NEW: After a decade of being overshadowed by competitors, Intel is making a $28 billion comeback bet on building Ohio into a global chips capital. Read the Big Take here https://t.co/HeXAjmHvst
Intel’s most recently opened plant — Fab 42 in Arizona — broke ground in 2011, was completed in 2013 & sat idle for 7 years as the company struggled Now the firm wants to build the biggest chip factory on earth in Ohio Read @chafkin & @ianmking on what that’ll take ⬇️ https://t.co/ggdJffeLPl
After a decade of being overshadowed by competitors, Intel is making a $28 billion comeback bet on building Ohio into a global chips capital https://t.co/cpkzE99yKv
Intel CEO @PGelsinger: "We...are on track to completing our five nodes four year goal...In so doing, we are in a unique position with at-scale EUV technology, Western base capacity & at the very least, a level playing field with the market leader" $INTC
How Micron is building the biggest chip fab in U.S. history despite a China ban and smartphone slump https://t.co/d5g89BMwPg
Intel shares are on pace to close out April down more than 30% — their worst month in over 20 years — as the chipmaker continues to struggle with executing a turnaround. https://t.co/pw0bg3HVrk