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Intel Corporation (INTC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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52.040.00 (0.00%)
At close: 04:00PM EST
51.88 -0.16 (-0.31%)
After hours: 07:59PM EST
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  • S
    Saint Preferred
    Intel Corporation announced on Friday it will invest over $20 billion in two semiconductor factories in Ohio.

    The construction of the two plants will begin in late 2022, while production is forecasted to start at the end of 2025, the company said in a statement.

    "Today's investment marks another significant way Intel is leading the effort to restore US semiconductor manufacturing leadership," CEO Pat Gelsinger commented.

    The company's shares were up by 0.63% in the premarket after the announcement.

    Baha Breaking the News (BBN) / BU
  • J
    Lawmakers have been urging House and Senate leaders to fully fund a law meant to address the semiconductor chip shortage. They want Congress to fully fund the $52 billion CHIPS for America Act, allowing for stateside investment in semiconductor factories. Not only has the chip shortage disrupted the U.S. economy, it is creating a vulnerability in the country’s defense system since eight of every 10 chips are produced in Asia, lawmakers say.

    Separate federal legislation also under consideration would create a new tax credit for investment in semiconductor manufacturing facilities.

    U.S. Commerce Secretary Gina Raimondo applauded the announcement.

    “Intel’s work is essential to our efforts to rebuild America’s chip building capacity and create the kinds of good-paying jobs that support a vibrant American economy,” she said.

    The Intel project is the largest single private-sector investment in Ohio’s history, on par with an agreement in 1977 that brought Honda to central Ohio, where it now employs more than 14,000 people. The Intel jobs are expected to pay an average of $135,000 a year plus benefits, with the project slated to add $2.8 billion to the state's annual gross product, Ohio Gov. Mike DeWine said in a statement.

    “Intel’s new facilities will be transformative for our state, creating thousands of good-paying jobs in Ohio manufacturing strategically vital semiconductors,” DeWine said.
  • D
    Intel doing all the right things to regain their lost dominance, it will take time and money but they have both of those. Short term profits will take a hit but for long term investors will be rewarded.
    Let the shorts grind out a few bucks over the short term, I’m looking for $150/share in 5 or 6 years………
  • L
    Lion's Share
    TSMC has further increased prices for AMD, nVIDIA and others, except may be apple as per hardware times.
    Intel, which fabricates its CPUs in its own fabs, stands to gain. The competitors will be forced to raise prices (without improving their own margins) to pass the cost. If Intel follows suit, they will have even higher margins. If they CHOOSE not to, it will help them gain further market share which started already with competitively priced Alder lake!
  • J
    Curious why Ohio. Retired from Intel 5 years back; last job in Fab 32 in Chandler AZ. Fab 42 is built next door; and tentative plans 10 years ago was for 2 additional fabs on the same property (in addition to 42 which was already on the drawing board). my guess is greater water availability; maybe workforce availability, perhaps getting a sweet deal from the State?
  • J
    intel announced a mfg update for tomorrow, covered by tomshardware, "Intel CEO to Provide Update on Manufacturing Plans Tomorrow"
  • L
    Intel crypto mining chip, we longs will be rewarded.
  • p
    I don't understand this stock. It's a tech stock that doesn't move up when tech stocks are bullish, it's a value stock that doesn't move up when value is sought after???
    Yet it generates more revenue than all its competitors and pays a nice dividend.
    What's the problem wall street?
  • P
    Looks like tomorrow, 1/21 will be the official Ohio announcement. GO PAT!
  • L
    Here is the latest on Intel from CitiGroup...Demand for personal computers is well above expectations, posing a significant opportunity for Intel, according to Citigroup. Analyst Christopher Danely placed Intel (ticker: INTC ) stock on a positive catalyst watch list for the next month, and raised his price target to $58 from $52. “Our checks indicate the recent surge in enterprise demand and notebook orders will drive upside to Intel 4Q21 and 1Q22,” Danely wrote in a research note.
  • R
    Refreshed Rudy
    Advanced Micro Devices, Inc.
    25 out of 41 analysts had Netflix as a buy or strong buy.. that's close to random toss of a coin... guys analyst don't get it..
  • H
    Hamon Dunter
    For value investors who wants good stock for cheap prize, it is not a question to buy Intel in these hard days.
  • M
    Mantra Man
    Ohio is because of the EV car industry which will use a lot of chips.
  • j
    Intel reportedly releasing a new chip aimed at mining crypto titled “Bonanza Mine.” Hopefully more details to come in Feb. Could be welcome relief to GPU shortage
  • T
    The Legendary Dark Knight Sparda
    within a sea of red this is green, even though I'm at a very small loss I'm confident Intel will gain some momentum considering it is undervalued over the course of this year
  • r
    rob s
    Analysts expect ~$3.70/PS in earnings this year vs existing $5.+ PS. That's almost a 40% decline in earnings. Longer term INTC is doing the right things. Going to be very volatile in the short-term stating the obvious.
  • I
    among 20 stocks in my portfolio, INTC is the only green amazing.
  • T
    The Joker
    I will buy back in after it drops 10% post earnings. The market is ruthless recently
  • M
    I sold a bunch of puts at 48.5, 50 and 51 expiring 01/28. Am I safe with earnings coming out? Would prefer not to be assigned. Just want to keep the premium. PS the 48.5s were meant to be 49. Fat fingered the order.
  • W
    Intel is the first buyer of the new Twinscan exe5200 system from ASML. With this system they can produce chips of 0,5 na. Turnaround is a fact.