Infinera to get up to $93M in CHIPS Act funding [Seeking Alpha]
Infinera Corporation (INFN)
Last infinera corporation earnings: 2/25 04:03 pm
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US:NASDAQ Investor Relations:
investors.infinera.com
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Source: Seeking Alpha
This proposed direct funding, when combined with investment tax credits available under the CHIPS and Science Act, could result in more than $200M in total federal incentives as well as potential state and local incentives. The funds will support the expansion and modernization of both Infinera's ( INFN ) semiconductor capabilities in Silicon Valley, California and its advanced test and packaging capabilities in Lehigh Valley, Pennsylvania, increasing the company's existing domestic manufacturing capacity by an estimated factor of ten. The projects could create up to 1,700 manufacturing and construction jobs while strengthening America's supply chain, economic and national security. Infinera ( INFN ) is currently in the process of being acquired by Nokia ( NOK ) for $2.3B. The CHIPS Act funding aims to increase U.S. semiconductor manufacturing and research, especially in advanced semiconductors. Several companies including, Intel ( INTC ), SK hynix, Samsung ( OTCPK:SSNLF ), T
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INFN
News
- Infinera Co. (NASDAQ: INFN) was downgraded by analysts at B. Riley from a "strong-buy" rating to a "hold" rating.MarketBeat
- Infinera Co. (NASDAQ: INFN) had its "neutral" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $6.65 price target on the stock.MarketBeat
- Infinera Corporation Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Infinera Co. (NASDAQ: INFN) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Why Nokia Fell After Posting Q3 2024 Earnings (Rating Downgrade) [Seeking Alpha]Seeking Alpha
INFN
Earnings
- 5/14/24 - Miss
INFN
Sec Filings
- 11/13/24 - Form SCHEDULE
- 11/6/24 - Form SCHEDULE
- 11/5/24 - Form 10-Q
- INFN's page on the SEC website