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Intel’s $8. 5 billion subsidy helps, but ‘Taiwan Semi will always be in the lead’: analyst

The U. S. government has granted Intel (INTC) up to $8. 5 billion in chip production investments through the CHIPS and Science Act. Angelo Zino, senior equity analyst at CFRA Research, joins Yahoo Finance to discuss Intel’s position in the competitive semiconductor landscape. While Zino recognizes Intel’s competitive merit as a manufacturer outside of Asia, investors will likely want to see more to move the stock forward: “That $8. 5 billion will help, but in the end they’ll have to continue to use essentially all the money they’re generating from their core business to continue to grow this foundry expansion initiative. So if we look at the next few years here, we expect them to potentially be number two out of our three, a major player on the foundry side, where Taiwan Semi (TSM) will continue to lead. » For more expert information and the latest market actions, click here to watch this full episode of Yahoo Finance Live. Editor’s Note: This article was written through Nicholas Jacobino

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Hitachi and Penske Launch Large-Scale Electric Truck Charging Pilot Project

Hitachi Energy’s Grid-eMotion® Fleet solution supports high-capacity EV charging at a main advertising truck depot in Stockton, California, and paves the way for sustainable transportation. Hitachi and Penske are launching a large-scale electric truck charging pilot project. Penske Truck Depot, Calif. , March 19, 2024 (GLOBE NEWSWIRE) — Hitachi America, Ltd. (Hitachi), Hitachi Energy and Penske Truck Leasing announced the launch of a

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