Intel's stock is up just 2% this year compared to the Nasdaq's 17% rise, and investors fret that the explosive growth of smartphones and tablets will crimp the market for the PC chips that produce the bulk of Intel's revenue. But the tech giant has a plan.
Building a new chipmaking plant and upgrading four others will result in thousands of construction and high-tech jobs, the world's leading supplier of microprocessors said today. It's a strong statement from a company that has been critical of Washington's business policies.
Actel broadens Microsemi's product line and moves it up the value chain, which means higher margins. In addition, Microsemi has a nice opportunity to leverage its distribution footprint.
Investors are looking for a strong showing from the bellwether chipmaker, which would offer further evidence that U.S. companies -- and tech firms in particular -- are continuing to emerge from the recession. Analysts expect Intel to come through.