Intel is trading 3.2% up at $106.42 after announcing a major €5 billion ($5.7 billion) investment to expand its AI processor manufacturing capacity in Ireland.
- The investment is aimed at boosting production of next-generation AI chips, strengthening the company's competitive position in the high-growth hardware market.
- The move is lifting the broader semiconductor sector, helping chip stocks rebound from recent weakness tied to SK Hynix’s profit concerns.