ALBAWABA - Intel's listed shares on the NASDAQ rose by more than 2.6% during pre-market trading on Tuesday, marking its highest levels since March 2022.
Reason for the Surge:
A new factory in southern Israel was the driving force behind today's increase in Intel's stock. The Israeli government approved a $3.2 billion grant to Intel for the construction of a new $25 billion chip manufacturing facility. Intel's shares opened the day with gains of approximately 82% since the beginning of the year, with a market capitalization of around $202.3 billion.
