Bloomberg
Intel Spending Billions to Revive Manufacturing, Chase TSMC
(Bloomberg) — Intel Corp. unveiled an ambitious bid to regain its manufacturing lead by spending billions of dollars on new factories and creating a foundry business that will make chips for other companies. The stock jumped about 5%.The plan, launched Tuesday by new Chief Executive Officer Pat Gelsinger, is an aggressive move that puts Intel into direct competition with Taiwan Semiconductor Manufacturing Co., the world’s…
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