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Wear a mask to guard others. It earmarked $20 billion to build a large chip-making facility in Ohio, which it intends to turn into the most important "silicon manufacturing location on the planet." The corporate additionally purchased Tower Semiconductor, a chipmaker catering to clients across industries, for $5.4 billion. Mobileye, the the self-driving tech firm that Intel had purchased for $15.3 billion back in 2017, lately filed for an IPO. Intel had long been expecting a decline in Laptop sales after a period of heightened demand resulting from work-and-study-from-house arrangements led to by the COVID-19 pandemic. Over the past yr, Intel took steps to attain its objective of increasing its foundry business. Seems that will not be the only move Intel is making to weather the declining Pc market. There appears to be no indication that those expansion plans are altering, and Bloomberg stated that Intel intends to pursue the objectives it set for itself as a leaner firm.
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