$INTC: Breaking Down Intel's Huge Announcement $IBM | PreMarket Prep

Benzinga
•March 24th, 2021
DESCRIPTION
In this episode, Spencer Isreal, Dennis Dick, and Joel Elconin discuss the announcement made by Patrick Gelsinger, Intel's CEO. "2021 is a transitional year as we accelerate Intel's trajectory, invest in our future, and improve our execution," said Gelsinger. "We're working aggressively with our supply chain partners and leveraging our unique manufacturing capabilities to solve for industry-wide component shortages and outperform this guide." Intel is investing $20 billion in two new factories in Arizona and teaming up with IBM, a "research collaboration focused on creating next-generation logic and packaging technologies."
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