Intel prepares for $100 billion spending spree across four US states

SANTA CLARA, California - Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grants and loans - and it hopes to secure another $25 billion in tax breaks.

For decades, Intel led the world in making the fastest and smallest semiconductors, selling those chips at a premium price, and plowing the profits back into more research and development to stay ahead of the pack. At multiple times, Gelsinger has said that a second round of U.S. funding for chip factories likely will be needed to re-establish the United States as a leader in semiconductor manufacturing, which he reiterated on Tuesday.

"It will be important to know how much longer 'smart capital' is needed for Intel before they can stand on their own," Bajarin said. Natural-gas prices hit a low in February. Rising exports and data centers’ constant need for power mean the long-term outlook looks very different, Patti Domm writes. -- The chief of the largest US producer of natural gas has warned that a lack of pipelines and storage facilities will trigger dramatic price swings in the years ahead, causing them to surge as much 350%.

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