Intel is investing $20 billion in new manufacturing plants! Announced this morning during a webcast with their new CEO Pat Gelsinger - Intel CEO Pat Gelsinger Announces ‘IDM 2.0’ Strategy for Manufacturing, Innovation and Product Leadership | Intel Newsroom
Very glad to see Intel isn’t giving up the manufacturing business. There were considerable rumors that Intel was going to start shutting down fabs and farming out to TSMC. That probably would have been great for Intel’s short term bottom line but awful for them in the long run, and a disaster for the industry.
Overall I think it’s a positive sign that Gelsinger intends to take Intel in the right direction.