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IT

Intel to invest USD 20 bln to boost US production, launch own foundry business

Wednesday 24 March 2021 | 08:57 CET | News
Intel's new CEO Pat Gelsinger has announced plans to invest USD 20 billion to build new factories in the US. In addition, the company plans to start offering foundry services, making chips for other customers in the US and Europe. The new strategy is expected to help relieve the shortage of capacity in the semiconductor sector and reduce reliance on manufacturing in Asia.  

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Categories: IT
Companies: Intel
Countries: World
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