Intel Scores Big With $3.2B Government Grant For $25B Israel Chip Plant: Report
Portfolio Pulse from Nabaparna Bhattacharya
Intel Corporation (NASDAQ:INTC) is set to receive a $3.2 billion grant from the Israeli government for a new $25 billion chip plant in Israel, with operations starting in 2027. Intel has committed to purchasing $16.6 billion in goods and services from Israeli suppliers over the next decade. The company is actively progressing with the construction of the site, which is part of its global supply chain resilience efforts. ASML Holding NV (NASDAQ:ASML) has started shipping components for a new chipmaking machine to Intel's Oregon factory.
December 26, 2023 | 12:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ASML has begun shipping components for a new chipmaking machine to Intel, indicating ongoing business and potential revenue growth from this partnership.
ASML's shipment of critical components to Intel suggests a deepening business relationship, which could lead to increased revenues for ASML and a positive short term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Intel is receiving a significant grant for its new chip plant in Israel, which is expected to enhance its supply chain and production capabilities. The investment and commitment to local procurement may positively influence investor sentiment.
The grant and the new chip plant represent a substantial investment in Intel's future manufacturing capabilities, likely leading to positive investor perception and potential stock price increase in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100