30 AI News Investors Should Not Miss

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19. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. German Chancellor Olaf Scholz has stressed that Intel is committed to a plan to build plants in eastern Germany, according to a report published by news agency Reuters. The remarks came in the wake of the Intel Corporation (NASDAQ:INTC) disclosing that it would be delaying the construction of the German plant by two years as part of a cost-cutting plan. Per Scholz, the decision to postpone the project in Germany for two years was a decision that also included the intention to stick with it. He further added that it was important to take this opportunity in the very volatile business of the semiconductor industry to help ensure that there was nevertheless a further expansion of the already profound capacities in Germany.

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