Deal News and Rumors Are Pushing Intel Stock Higher to Start the Year

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Deal News and Rumors Are Pushing Intel Stock Higher to Start the Year

//stocks-investing.news-articles.net/content/202 .. ushing-intel-stock-higher-to-start-the-year.html

Published in Stocks and Investing on Friday, January 17th 2025 at 18:41 GMT by Investopedia
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Shares of the chipmaker are rising today alongside broader markets, leaving them up more than 8% in January and outpacing the S&P 500.

- Click to Lock Slider

Intel's stock has experienced a significant surge at the beginning of the year, driven by a series of positive developments and market rumors. The company announced a $25 billion investment in a new chip manufacturing facility in Israel, which not only boosts its production capacity but also enhances its geopolitical standing. Additionally, Intel has been the subject of acquisition rumors, with speculation that the company might be looking to buy Tower Semiconductor, a deal that could expand its manufacturing capabilities. Furthermore, Intel's CEO, Pat Gelsinger, has been vocal about the company's strategic pivot towards becoming a major player in the foundry business, aiming to compete with industry leaders like TSMC and Samsung. These factors, combined with a broader market optimism about the semiconductor industry's growth, have contributed to Intel's stock price increase.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/deal-news-and-rumors-are-pushing-intel-stock-higher-to-start-the-year-update-8776473 ]