Chip maker Intel beats earnings expectations as it pursues rivals

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US chip giant Intel on Thursday said it made more money that expected in the recently ended quarter as it continued to invest in a 'geographically balanced' supply chain. Intel touted investments being made in chip production facilities with an aim of creating a 'geographically balanced, secure, resilient supply chain.

US computer chip maker Intel says that teams in Israel have been able to keep its operations running despite the war between that country and Hamas. Photo: JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA/Getty Images via AFPUS chip giant Intel on Thursday said it made more money that expected in the recently ended quarter as it continued to invest in a"geographically balanced" supply chain.

California-based Intel is seen as a key tool for the United States to reduce its dependence on major global producers, such as Taiwan's TSMC. Intel has been operating in Israel since the 1970s with development centers and a production site that employ some 12,000

 

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