Intel is trading 4.9% up at $22.39 after announcing a €5 billion ($5.7 billion) expansion of its Leixlip, Ireland manufacturing campus to scale Intel 3 and AI/HPC chip production.
- The investment is designed to meet surging demand for artificial intelligence and high-performance computing capacity.
- The stock is benefiting from a broader semiconductor rally and risk-on sentiment triggered by softer U.S. inflation data.
- The expansion reinforces positive market sentiment regarding capex-driven AI capacity growth across the global tech sector.