Here’s Some Good News for Intel Investors
Intel (NASDAQ:INTC) might be struggling from the effect that the diminishing global demand for personal computers, and by extension its chips, has had on its business — its stock price has lost more than 22 percent in the past 12-month period — but investors can take solace in two bits of good news that popped up on Monday.
First, Reuters reported that Intel’s Israeli subsidiary more than doubled its exports in 2012 to $4.6 billion.
Last year, Intel’s exports increased 109 percent from $2.2 billion in 2011. Results were strengthened once the company’s Kiryat Gat plant in the south of Israel began production on chips using 22 nanometer technology…