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Following delays in the approval of USICA and its $52 billion injection on US semiconductor manufacturing capabilities, Intel CEO Pat Gelsinger warns that there's incentives to be found elsewhere, if
Intel's Magdeburg, Germany mega site will have two fabs producing Intel 20A and better chips for Intel and its Foundry Services customers. It is expected to be fully operational by 2027.
Intel declined on light Q2 guidance despite reiterating FY guidance. See why I believe investors should buy the dip on INTC stock.
Intel revealed an ambitious plan last year to create a new European chip manufacturing arm as part of its IDM 2.0 strategy. At the time, the company...