US Stocks Alert: Intel rises 2.6% to a record high, will disclose details of its participation in the Terafab project "within weeks"

Glonghui, April 16 ｜ Intel (INTC.US) rose by 2.6% to $66.63, hitting an all-time high. According to reports, Intel CEO Lip-Bu Tan sent an internal memo to employees last week, pledging to reveal the "scope and nature" of the company's involvement in the Terafab project "within weeks," marking an acceleration of this ambitious plan aimed at reshaping the chip manufacturing landscape toward a public launch. It is reported that the short-term goal of Terafab is to establish a pilot production line in Austin, Texas, with plans to start silicon wafer manufacturing in 2029. The initial monthly capacity is set at 3,000 wafers.