Intel to invest up to $100 bln in Ohio chip plants [Financial Post (Toronto, Ontario, Canada)]
Applied Materials, Inc. (AMAT)
Last applied materials, inc. earnings: 2/12 04:01 pm
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Source: Financial Post
largest chip-making complex in Ohio, as it looks to boost capacity amid a global shortage of semiconductors 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 tight hold on the market. 18 best online deals in the Canadian retail space right now Advertisement Advertisement Article content An initial $20 billion investment – the largest in Ohio's history – on a 1,000-acre site in New Albany will generate 3,000 jobs, Gelsinger said. That could grow to $100 billion with eight total fabrication plants and is the largest investment in Ohio's history, he told Reuters. Dubbed the silicon heartland, it could become “the largest semiconductor manufacturing location on the planet,” he said. While chipmakers are scrambling to boost output, Intel's plans for new factories will not alleviate the current sup
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AMAT
News
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- Applied Materials: Domination In Technology Inflections (Rating Upgrade) [Seeking Alpha]Seeking Alpha
AMAT
Earnings
- 2/15/24 - Beat
AMAT
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 3/11/24 - Form 4
- AMAT's page on the SEC website