A Chip Off The Holiday News Flow
It’s a slow week in the market, but as usual, there’s some news out of the semiconductor space. Let’s take a look. 👀
First up is Israel granting Intel $3.2 billion to support the company’s biggest investment in the country. Intel will not only build a $25 billion factory that creates thousands of jobs but will also buy $16.6 billion in goods and services from Israeli suppliers over the next decade. It is anticipated that the plant will open in 2028 and operate through at least 2035. 🏭