A new chipmaking rival might be arriving on the scene before long, but that only bolstered sentiment on one of the sector's top incumbents on Friday. Investors flocked to (NASDAQ: INTC) stock on the news, pushing its share price 3% higher. That performance notably exceeded the gain of the S 500 index, which despite a generally good day for stocks didn't come close, with its 1.2% rise.

That morning, Bloomberg reported that Sam Altman, CEO of privately held tech darling OpenAI, intends to build a network of semiconductor manufacturing factories.

Citing unidentified "several people with knowledge of the plans," the financial media outlet said that Altman has held talks with a number of potential investors to provide the funding for such a project. Building out a chain of such facilities would be vastly expensive, as would the funding requirements to keep such an effort operational.

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Source Fool.com