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Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer products and technologies that deliver networking, data storage and communication platforms. The company’s products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory, graphic, network and communication, systems management software, conferencing, and digital imaging products.
The demand for semiconductors has increased with heightened need for tech products and solutions amid the pandemic. Also, semiconductors play an integral role in the production of electric vehicles (EVs) and 5G deployment. The rapid digital transformation of almost all the industries has caused an acute shortage of semiconductor chips worldwide, leading to a rise in their prices.
