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