Intel has announced a major expansion in Arizona where the company will invest about $20 billion and set up 2 factories. Intel shares were up about 6.6% in Tuesday’s extended trading session. The plants will enhance Intel’s (INTC) semiconductor manufacturing capacity and the company expects to start planning and construction activities in 2021. These plants will address increasing requirements for current products while also providing committed capacity for foundry customers. Dr.
https://www.tipranks.com/news/intel-to-set-up-2-factories-in-arizona-shares-jump-6-6-post-market