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Intel Plans to Invest More Than $28 Billion to Build Two New Chip Factories in Ohio
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Intel Plans to Invest More Than $28 Billion to Build Two New Chip Factories in Ohio
Nov 3, 2024 11:39 AM

10:15 AM EDT, 10/25/2024 (MT Newswires) -- Intel ( INTC ) said Friday it plans to initially invest more than $28 billion to construct two new chip factories in Licking County, Ohio.

The investment is intended to help raise production to meet the "surging" demand for semiconductors, the company added.

Intel's ( INTC ) shares rose 3.2% in recent Friday trading.

Price: 23.05, Change: +0.71, Percent Change: +3.16

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