- Intel Corp (NASDAQ:INTC) CEO Pat Gelsinger acknowledged the global supply chain strain from remote work and study triggered semiconductor demand explosion and estimated the crisis to last for several years, Reuters reports.
- Gelsinger had previously disclosed chip production plans to address the auto chip crisis. Intel had announced a $20 billion chip building plan.
- Intel plans to expand to other locations in the U.S. and Europe for a sustainable global semiconductor supply chain.
- Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) and South Korea’s Samsung Electronics Co Ltd have dominated the semiconductor manufacturing business over the last few years.
- Price action: INTC shares traded lower by 0.39% at $56.90 in the market session on the last check Tuesday.
Mitsubishi UFJ Financial Earlier Reported Q3 EPS $0.20 Up From $0.15 YoY, Sales $12.36B Down From $12.97B YoY
Mitsubishi UFJ Financial (NYSE:MUFG) reported quarterly earnings of $0.20 per share. This is a 33.33 percent increase over earnings of $0.15 per share from the same period last year. The company reported $12.36 billion
