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Intel Breaks Ground On Arizona Plants: Reuters

Intel Breaks Ground On Arizona Plants: Reuters
  • Intel Corp (NASDAQ: INTC) broke ground on two new factories worth $20 billion in Arizona dubbed Fab 52 and Fab 62, reaching a total of six factories in the state, Reuters reports.
  • The new plants will be the first Intel has built from the ground up and will also manufacture chips for Qualcomm Inc (NASDAQ: QCOM) and Inc (NASDAQ: AMZN) cloud unit, and the U.S. military.
  • Intel rival Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) also acquired land to build its first U.S. campus in Phoenix, not far from Intel's location, where TSM plans up to six chip factories.
  • Related Content: Key Takeaways From White House Chip Crisis Meet
  • Price Action: TSM shares traded lower by 0.56% at $115.54 on the last check Friday.

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