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‘Intel is back:’ New CEO’s plan to make chips for other companies excites investors



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Pat Gelsinger, CEO of Intel, speaks in Santa Monica, Calif., on March 9, 2017, in a photo taken when he was CEO of VMware.Patrick T. Fallon | Bloomberg | Getty ImagesIn his first extended public remarks since becoming Intel CEO, Pat Gelsinger offered an underlying message: Intel, the American chipmaking giant, is getting its swagger back.Intel, contrary to some industry expectations, said on Tuesday would not shift its decades-old strategy to become a chip design firm that outsources manufacturing. Instead, it will double down on manufacturing, and invest $20 billion in two new chip factories in Arizona.”Intel is back. The old Intel …

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