Intel is spending $20 billion to build two new chip fabrication plants in Arizona while also rekindling plans to provide chip manufacturing services to other companies in the U.S. and Europe, CEO Pat Gelsinger said in his first major news conference since taking the helm last month. Gelsinger also said Intel won’t be separating its chip manufacturing operations from its chip design, as some...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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