Futures rise ahead of March business surveys; Intel shines

By Devik Jain and Medha Singh (Reuters) – U.S. stock index futures rose on Wednesday as Intel’s shares surged on plans to expand advanced chip making capacity, while investors looked to business surveys for March and another day of testimonies from the top two U.S. economic officials. The chipmaker’s shares jumped about 5.7% as it announced plans to spend as much as $20 billion to build two factories in Arizona and open its factories to outside customers. U.S.-listed shares of rival Taiwan Semiconductor dropped 2.6%, while semiconductor equipment makers Lam Research Corp, Applied Materials Inc…

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