Intel to invest $20B in new Ohio plant to bring more chip production onshore

  • Intel (NASDAQ:INTC) has chosen the Greater Columbus area to build a new factory that it intends to invest up to $20 billion in to expand semiconductor capacity, The Dispatch reports.
  • The new plant will employ 3,000 workers and will be situated on a 3,190 acre plot of land near the Columbus suburb of New Albany.
  • The move is part of Intel Chief Executive Officer Pat Gelsinger's decision to expand capacity in the U.S. to help deal with the global semiconductor shortage, as well as produce more chips in the country, amid national security concerns.
  • It's unclear when the factory will be built, as it requires incentives from Congress, which is currently debating the CHIPS Act to bring semiconductor manufacturing back onshore. The Dispatch notes that the U.S. Innovation and Competition Act was passed by the Senate in June, but it is still being debated in the House.
  • Approximately 12% of the world's chips are made in the U.S., with 80% made in Asia, according to industry data.

    Over the current book year the total revenue from the company in Santa Clara will be 75.08 billion USD (consensus estimates). This is slightly lower than 2021's revenue of 79.02 billion USD.

    Historical revenues and results Intel plus estimates 2021

    financiële analyse

    The analysts expect for 2021 a net profit of 14.15 billion USD. For this year the consensus of Intel 's result per share is a profit of 3.52 USD. The price/earnings-ratio therefore equals 13.51.

    Huge dividend Intel

    For this year the analysts expect a dividend of 1.43 USD per share. Intel 's dividend yield thus equals 3.01 percent. The average dividend yield of the semiconductor companies is a limited 1.12 percent.

    Most recent target prices around 46 USD

    Sanford C. Bernstein & Co, Goldman Sachs and KBC Securities recently provided recommendations for the stock.

    Intel 's market capitalization is based on the number of outstanding shares around 193.23 billion USD. -21

    At 16.24 the stock trades 5.26 percent lower at 47.57 USD.

    Historical stock prices Intel2007-2021

    stock analysis intel

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