Intel Surges
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Then, in January 2024, the dormant fab was booted up again. Intel funneled billions into the facility, including $500 million it was granted from the US CHIPS Act. Now, Fab 9 and its neighbor, Fab 11X, are critical infrastructure for one of Intel’s quietly fast-growing businesses: advanced chip packaging.
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Intel's new orbit: From chip lag to leading edge
Intel Corporation (NASDAQ: INTC) shares rose on April 7, 2026, climbing about 4% on a wave of heavy trading volume. The catalyst was a landmark announcement confirming Intel's central role in the ambitious Terafab project,
Intel has joined Tesla, SpaceX and xAI's $25B 'Terafab' project, confirming what was already obvious: Tesla isn't actually going to build its own chip fab.
Intel shares led semiconductor and other tech stocks higher Wednesday. The chipmaker is buying back a 49% stake in its Ireland chip plant that it sold to Apollo in 2024.