Intel investing $20 billion in new US chipmaking plants as part of turnaround plan

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New York (CNN Business)Intel CEO Pat Gelsinger has only been on the job for about a month. But the semiconductor giant has been in need of a bold, new strategy for some time, and on Tuesday, Gelsinger delivered.
Intel(INTC)unveiled several major initiatives including a $20 billion investment in two new US chipmaking facilities aimed at reasserting its position as the undisputed leader of the semiconductor industry, a claim many experts have said the company lost in the past several years.
“We are…

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