Engineers and developers at Intel are always working to push the boundaries of what’s possible, leaning on Moore’s Law — the idea that the number of transistors on a single chip will double every two years with a minimal increase in cost.
But over the last five years, Intel has had its ups and downs, demonstrated by the wavering value of its stock. It went from a high of $68 per share to more recently trading at $36 per share.
By investing $100 billion in American factories and innovation, the company hopes to turn that trend around. In late March, the company learned that it had secured $8.5 billion from the Biden administration, paired with another $11 billion in loans, with the goal of bringing chip manufacturing back to the U.S.
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