Intel Presents a $20 Billion Invoice for a Turnaround. Traders Don’t Like It.

Intel’s inventory was up greater than 40% over the previous 5 months, as buyers began to anticipate a turnaround. This week, the turnaround plan arrived, and buyers went again to being concerned. Shares had been down for a lot of the week earlier than a last-minute rally on Friday.

Intel is planning to spend $20 billion to construct two new chip factories in Arizona, create a brand new division that provides chip manufacturing to others, and look extra to companions equivalent to Taiwan Semiconductor Manufacturing to supply its most superior microprocessors….

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