Investors are selling out of Intel stock after Taiwan Semiconductor Manufacturing 's CEO visited the White House yesterday and announced a $100 billion investment to expand its U.S. manufacturing capacity. Some investors have been hoping that TSMC will buy Intel's foundry business, and yesterday's news left them disappointed.

Citi semiconductor analyst Chris Danely recently told CNBC in an interview that Intel needs to get rid of its wafer foundry business, which means it needs to exit the wafer foundry market.

Following months of negotiations, the Durham manufacturer in October received a $750 million award to fund its “nearly complete” $5 billion materials factory in western Chatham County.

Teradyne, Inc. (NASDAQ: TER) today announced that Shannon Poulin has joined Teradyne to succeed Rick Burns as President of the Semiconductor Test Divi

Intel is making strides in its bid to become a true player in the contract chip manufacturing business. Sources familiar with the matter told Reuters that

President Trump and Taiwan Semiconductor Manufacturing announced a $100 billion company investment in Phoenix. The deal could have broad significance.