Friday, March 1, 2024

Intel will build its next chip factory in Germany

After visiting several countries on the old continent to see which offered the best conditions for the chip factory, Intel chose Germany. Where it plans to build the most advanced facility for chip development.

“Intel hopes that the next fab will be able to produce wafers using modern 1.5-nanometer technologies for Intel and manufacturers working with Intel Foundry Services to produce semiconductors,” said Intel CEO Pat Gelsinger. in an interview with CNBC. at the World Economic Forum in Davos.

Intel’s most advanced manufacturing process is with Intel 4 and Intel 3 and is behind TSMC. Although they intend to go ahead and be the first manufacturer to use 1.5 nn in their manufacturing processes,.

In addition, Intel is the first company to receive a 2N wafer lithography machine.

What do the analysts say?

According to Tipranks, Intel has a review of 30 analysts divided into 8 buys, 19 holds, and 3 sells. The average price target is $46.09, with a high forecast of $68 and a low forecast of $17. The average price target represents a -4.42% change from Monday’s close.

Vijay Rakesh, analyst at Mizuho Securities, recommends buying with a target price of $58.

Bernstein analyst Stacy Rasgon recommends holding with a price target of $42.

Intel Will Build Its Next Chip Factory In Germany

Intel closed Monday in the red at $48.23. The 70 and 200 time moving averages remained below the price, the RSI rose to 58 points, and the MACD lines remained above the zero level.

Medium- and long-term resistance is at $51.27. Meanwhile, the Ei indicators are mixed.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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