Intel shares jumped more than 8 percent to $35.14

US chip giant Intel on Thursday said it made more money than expected in the recently ended quarter as it continued to invest in a "geographically balanced" supply chain. Intel shares jumped more than 8 percent to $35.14 in after-market trades.
Intel reported revenue of $14.2 billion was 8 percent less than the amount seen in the same quarter a year earlier, but ahead of forecasts. Net income tallied $300 million, compared with $1 billion profit in the same period in 2022. Intel touted investments being made in chip production facilities with an aim of creating a "geographically balanced, secure, resilient supply chain."