Intel investing $20 billion in new US chipmaking plants as part of turnaround plan
CNN
Intel CEO Pat Gelsinger has only been on the job for about a month. But the semiconductor giant has been in need of a bold, new strategy for some time, and on Tuesday, Gelsinger delivered.
Intel (INTC) unveiled several major initiatives — including a $20 billion investment in two new US chipmaking facilities — aimed at reasserting its position as the undisputed leader of the semiconductor industry, a claim many experts have said the company lost in the past several years. "We are setting a course for a new era of innovation and product leadership at Intel," Gelsinger said in a statement.More Related News