Intel is splurging $20B to become the Captain America of chips (again)

Major throwback... The Intel sound logo when your PC turned on. Intel used to be one of the 10 most valuable companies in the world. But it lost its mojo: its current stock price is lower than it was during its peak in 2000. Intel's new boss wants to get the mojo back...

• Reboot: According to Intel's new CEO Pat Gelsinger: "Intel is back. The old Intel is now the new Intel." Soo metaphysical.
• The plan: More outsourcing, but also more manufacturing. Intel isn't abandoning its status quo of both designing and producing its own chips. Case in point...
• $20B: How much Intel will invest into two new chip factories in Arizona. ICYMI, chips are a hot commodity right now (see: The Great Chip Shortage).

The real kicker... Intel plans to lean into making chips for other companies, too (aka: "foundry" services) — that got investors excited. Intel has primarily manufactured only its own chips. Now, it's going to use its factories for other companies' chips, too — even its competitors'. This is also a revenge move...

• Intel used to provide chips for Macbooks and iPhones. Then Apple broke the relationship and replaced Intel laptop processors with its own chips (and Intel’s smartphone chips with Qualcomm's).
• Now Intel is courting Microsoft, Google, Qualcomm, and others with its foundry services. The equivalent of a "thriving without u in Hawaii" Insta post.