Intel (NASDAQ:INTC) intends to build two new chip-making facilities in Europe, noting that it could invest as much as $95 billion over a decade.
Intel is doubling down on producing chips for third parties as it looks to capitalize on the ongoing chip shortage and the increasing semiconductor intensity in computers, automobiles, and consumer electronics products.
Intel could face challenges in competing with rivals such as TSMC and Samsung, who have more experience with manufacturing chips for third parties. Moreover, Asian companies have also enjoyed more support from their governments.
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