The move by CEO Pat Gelsinger on Tuesday aims to restore Intel's reputation after manufacturing stumbles sent shares plunging last year. The strategy will directly challenge the two other companies in the world that can make the most advanced chips, Taiwan's Semiconductor Manufacturing Co Ltd (TSMC) and Korea's Samsung Electronics Co Ltd.
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Tuesday, March 23, 2021
Intel to spend $20 billion on U.S. chip plants as CEO challenges Asia dominance
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