One week ago, Intel (NASDAQ: INTC) unveiled its plan to turn around its troubled semiconductor business. In a reversal of past practice, Intel will begin unbundling semiconductor design from semiconductor manufacturing, and outsourcing more of its chip production abroad. Today, Intel further refined its plans to increase output both in-house and otherwise, and investors applauded.
Intel stock is up 5.5% in response (as of 1:50 p.m. EST).
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Source Fool.com