Source: South China Morning PostIntel Corp unveiled an ambitious bid to regain its manufacturing lead by spending billions of dollars on new factories and creating a foundry business that will make chips for other companies. The stock jumped about 5 per cent.The plan, launched Tuesday by new chief executive officer Pat Gelsinger, is an aggressive move that puts Intel into direct competition with Taiwan Semiconductor Manufacturing Co, the world’s most-advanced chip maker.Gelsinger will spend an initial US$20 billion on two new…Read More