Intel Turns to Private Equity (Again) for Foundry-Expansion Cash

Semiconductor factories aren't cheap.Building and expanding semiconductor factories, particularly those manufacturing cutting-edge chips using the latest and greatest technologies, is a capital-intensive affair. Intel (INTC 2.50%) estimates that a typical semiconductor factory takes three years to build and costs roughly $10 billion.Intel is in the middle of a multiyear strategy shift that will transform the iconic company into a leading semiconductor foundry. Historically, Intel has used its manufacturing ...