American chipmaker Intel has attracted attention in recent days with a new venture to expand in Europe. According to the report, the company plans to build a new chip factory in Germany, thereby increasing semiconductor production in the EU to 20 percent of the global market. The new site, where production is scheduled to start in 2024, will most likely be located in either Dresden or Munich. According to its own information, Intel wants to initially invest 10 billion US dollars in a first production line. A further 100 billion dollars will then be spent over the next ten years to expand the then existing production capacities.
The company’s cooperation with other large corporations like Google and focus on technologies like AI development are also very interesting for the future of the semiconductor manufacturer.
The company’s share is also currently in a very promising position from a chart perspective. The share price is currently around $49, which is significantly below the average value of the last 200 trading days. Intel stock hit a new high above $68 in mid-April and has been in a downtrend ever since. The company has exceeded the respective expectations without exception when publishing its quarterly results in recent years, and the next figures will be published at the end of January. The company also pays regular dividends.
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