Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, November 26, 2024
[ 11:21 AM ] - United States, Thomas Matters
[ 11:09 AM ] - United States, Thomas Matters
[ 11:09 AM ] - United States, Thomas Matters
[ 11:09 AM ] - United States, Thomas Matters
[ 11:09 AM ] - United States, Thomas Matters
[ 11:08 AM ] - United States, Thomas Matters
Mon, November 25, 2024
[ 11:31 PM ] - United States, Thomas Matters
[ 06:31 PM ] - United States, Thomas Matters
[ 06:31 PM ] - United States, Thomas Matters
[ 06:31 PM ] - United States, Thomas Matters
[ 06:31 PM ] - United States, Thomas Matters
[ 05:33 PM ] - United States, Thomas Matters
[ 05:33 PM ] - United States, Thomas Matters
[ 05:33 PM ] - United States, Thomas Matters
[ 05:33 PM ] - United States, Thomas Matters
[ 05:32 PM ] - United States, Thomas Matters
[ 05:32 PM ] - United States, Thomas Matters
[ 04:35 PM ] - United States, Thomas Matters
[ 04:34 PM ] - United States, Thomas Matters
[ 04:34 PM ] - United States, Thomas Matters
Why Intel Stock Popped on Monday
- Intel (NASDAQ: INTC) stock gained 4.1% through 9:45 a.m. ET Monday morning after CNBC reported this morning that the U.S. Commerce Department is close to awarding Intel an $8 billion subsidy to assist with expanding its semiconductor chip operations.
The article from The Globe and Mail discusses Intel Corporation's announcement regarding the expansion of its foundry services through the establishment of Intel Foundry Services (IFS). Intel aims to become a major provider of foundry capacity globally, leveraging its advanced process technologies. The company has introduced five process nodes in four years, with plans for five more in the next four years, including Intel 18A, which is expected to be the most advanced process node in the industry. Intel is also focusing on enhancing its manufacturing capabilities, with significant investments in new facilities and upgrades to existing ones. This expansion is part of Intel's broader strategy to not only produce its own chips but also to manufacture chips for other companies, thereby diversifying its business model and strengthening its position in the semiconductor industry. Additionally, Intel has partnered with companies like MediaTek to produce chips using its advanced packaging technology, signaling a move towards a more collaborative and open ecosystem in semiconductor manufacturing.
Read the Full The Globe and Mail Article at [ https://www.theglobeandmail.com/investing/markets/stocks/INTC-Q/pressreleases/29753313/ ]
Read the Full The Globe and Mail Article at [ https://www.theglobeandmail.com/investing/markets/stocks/INTC-Q/pressreleases/29753313/ ]
