
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


