INTC Stock Edges Up as Semiconductor Sector Faces Choppy Waters. Why?

In response to these developments, investors have shown a preference for perceived safer bets such as $Intel(INTC.US)$ over competitors like $Taiwan Semiconductor(TSM.US)$ and $NVIDIA(NVDA.US)$ both heavily reliant on Taiwan for manufacturing. Intel recently announced plans to invest over $100 billion in the U.S. to expand its manufacturing capacity and capabilities across several states, supported by the CHIPS Act.