Intel Touts Factory Expansion Progress in Sign of Growing Demand

What happened

• Intel said it was finishing a plant in Arizona as part of its long-delayed US factory expansion.
• The chipmaker said it was making headway on its newest site in Ohio.
• Intel presented the construction progress as a sign of growing demand.

Why it matters

Factory progress may signal improving demand for Intel’s manufacturing capacity and is relevant to technology-sector investors and corporate finance professionals monitoring semiconductor capital spending.

Timeline

1. EarlierOct 19
   Stocks making the biggest moves premarket: Cleveland-Cliffs, Intel, Datadog, Amazon & more
2. EarlierOct 19
   Why a former Intel skeptic is giving up his negative call on the stock after four years
3. EarlierOct 19
   Intel Asks FCC For Upgrades to Banned Foreign Robot Technology
4. EarlierOct 19
   Alger’s Crawford: There’s Skittishness in the Market
5. First reported by BloombergOct 21
   Intel Touts Factory Expansion Progress in Sign of Growing Demand

Sources (1)

1. BloombergOct 21
   Intel Touts Factory Expansion Progress in Sign of Growing Demand

Related

• Oct 19 · Stocks making the biggest moves premarket: Cleveland-Cliffs, Intel, Datadog, Amazon & more
• Oct 21 · Intel hits construction milestone at Ohio chip fab that’s at least 5 years behind schedule
• Oct 19 · Alger’s Crawford: There’s Skittishness in the Market
• Oct 19 · Intel Asks FCC For Upgrades to Banned Foreign Robot Technology
• Oct 19 · Why a former Intel skeptic is giving up his negative call on the stock after four years
• Oct 17 · Intel CEO Lip-Bu Tan says the Trump administration does not have "any policy" to use a minority stake in Intel to interfere in its business strategy (Kohei Yamada/Nikkei Asia)