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Intel’s $26 Billion Move for Chip Market Redemption

For decades, Intel was the flagship of the world’s most superior chips. As part of Silicon Valley’s history, Intel is recognized as the inventor of RAM and microprocessors, the construction blocks of contemporary computing. Here is an exclusive video from CNBC on Intel’s plan to recapture the chip market. By declining Apple’s early offer to manufacture chips, Intel lost the Mac market to M-series chips and lost dominance in the semiconductor industry. This resulted in Intel losing its market hold to Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung. Intel’s choice to coast or rebuild is symbolic of one that the entire United States faces. Pat Gelsinger, Intel’s chief executive, wants to upgrade and ramp up its manufacturing five-fold in the next four years to return Intel to its glory days. Intel estimates to restore the US share of chip manufacturing up to 30%, which stands at 12% today.

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