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Is Intel Stock Back from the Dead?

By Jose Najarro - Mar 25, 2021 at 7:01AM

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The company is reinvesting in its growth.

The recent news about Intel (INTC 0.84%) may be the beginning of a bright future.

Intel's CEO on Tuesday announced a significant expansion in Arizona by releasing two new fabrication factories. The new factories will manufacture chips for Intel, and they will also take orders from other companies. Intel will pursue customers like Apple and Qualcomm in the latest fabrication business.

Intel also provided a financial update and a full-year business outlook. It expects full-year 2021 non-GAAP revenue of $72 billion and non-GAAP EPS of $4.55.

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Stocks Mentioned

Apple Inc. Stock Quote
Apple Inc.
AAPL
$143.11 (4.01%) $5.52
QUALCOMM Incorporated Stock Quote
QUALCOMM Incorporated
QCOM
$132.12 (0.40%) $0.52
Taiwan Semiconductor Manufacturing Company Limited Stock Quote
Taiwan Semiconductor Manufacturing Company Limited
TSM
$91.50 (0.79%) $0.72
Intel Corporation Stock Quote
Intel Corporation
INTC
$42.00 (0.84%) $0.35

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