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Stock impact report

Intel to beef up manufacturing with $20 billion Ohio investment [Financial Post (Toronto, Ontario, Canada)]

Applied Materials, Inc. (AMAT) 
Last applied materials, inc. earnings: 2/12 04:01 pm Check Earnings Report
Company Research Source: Financial Post
Ohio, as it looks to boost its production capacity amid a global shortage of semiconductors that are used in everything from smartphones to cars. The move is part of Chief Executive Officer Pat Gelsinger's strategy to restore Intel's dominance in chip making and reduce America's reliance on Asian manufacturing hubs, which have a vice-like grip on the market. 18 best online deals in the Canadian retail space right now Advertisement Advertisement Article content “These factories will create a new epicenter for advanced chipmaking in the U.S. that will bolster Intel's domestic lab-to-fab pipeline,” Gelsinger said in a statement. While chipmakers are scrambling to boost output, Intel's plans for new factories will not alleviate the current supply crunch, because such complexes take years to build. Gelsinger previously said he expected the chip shortages to last into 2023. To dramatically increase chip production in the United States, the Biden administration is making a bi Show less Read more
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