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Intel's stock rises after report of $11 billion investment in new chip plant

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Intel Corp. saw a rise in its stock price during premarket trading following a report that Apollo Global Management Inc. is in advanced talks to invest approximately $11 billion in a new chip manufacturing facility in Ireland. This investment would help Intel expand its production capabilities and support its goal of becoming a major player in the foundry business, where it manufactures chips for other companies. The deal, if finalized, would be a significant boost for Intel as it seeks to regain its competitive edge in the semiconductor industry amidst increasing competition from rivals like TSMC and Samsung.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/story/intel-rises-in-premarket-on-report-of-11-billion-apollo-investment-in-new-chip-plant-046da5d6 ]


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