Intel INTC shares climbed about 8.5% on Tuesday after the chipmaker disclosed a major investment aimed at expanding its manufacturing footprint in Malaysia.
The company said it plans to invest around $208 million to strengthen its semiconductor packaging and testing operations in the country. The move is part of Intel’s effort to spread production across more locations and reduce pressure on its supply chain as demand for chips stays elevated.
Intel said the expansion should support advanced chip manufacturing and improve delivery timelines for customers in Asia and beyond. Malaysia already plays a key role in Intel’s global operations.
Investors reacted positively, pushing the stock above $43 for the first time in months. The rally brought Intel closer to its highest level this year.
Analyst reactions were mixed. Some pointed to stronger long-term positioning, while others noted valuation risks and heavy competition from other chipmakers.
Still, the investment is seen as another sign that Intel is leaning harder into rebuilding its manufacturing edge after several uneven years.
Is INTC Stock a Buy Now?
Based on the one year price targets offered by 36 analysts, the average target price for Intel Corp is $35.91 with a high estimate of $52.00 and a low estimate of $18.00. The average target implies a downside of -17.38% from the current price of $43.47.
Based on GuruFocus estimates, the estimated GF Value for Intel Corp in one year is $23.92, suggesting a downside of -44.97% from the current price of $43.47.
