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Description: Intel announced on Tuesday that it will spend $20 billion to build two new chip factories, called fabs, in Chandler, Arizona.
Intel stock rose as much as 5% on the news in extended trading on Tuesday.

Source: CNBC.com

Date: Mar 23, 2021

Link: https://www.cnbc.com/2021/03/23/intel-is-spending-20-billion-to-build-two-new-chip-plants-in-arizona.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Questions for discussion:

  • What is so significant about the Intel announcement for the company and the industry?
  • Why did the stock jump in price?

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