Company Of The Day: Intel
What?
Intel (NASDAQ:INTC) has agreed to buy Israel-based chip company Tower Semiconductor in a $6 billion deal. Tower produces integrated circuits using specialty process technologies with manufacturing facilities in Israel, California, Texas, and Japan.
Why?
Intel has been doubling down on manufacturing, with plans to make chips for third parties and the deal for Tower could help add capacity and relevant technologies.
So What?
Intel stock gained about 2% in Tuesday’s trading.
See Our Complete Analysis For Intel
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| Returns | Feb 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| INTC Return | -1% | -6% | 34% |
| S&P 500 Return | -1% | -6% | 100% |
| Trefis MS Portfolio Return | 3% | -7% | 265% |
[1] Month-to-date and year-to-date as of 2/16/2022
[2] Cumulative total returns since the end of 2016