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
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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