Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive Up to $93 Million in CHIPS Act Funding
Infinera Corporation (INFN)
Last infinera corporation earnings: 2/25 04:03 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investors.infinera.com
Company Research
Source: GlobeNewswire
SAN JOSE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) and the U.S. Department of Commerce have signed a non-binding preliminary memorandum of terms for Infinera to receive up to $93 million in direct funding as part of the bipartisan CHIPS and Science Act. This proposed direct funding, when combined with investment tax credits available under the CHIPS and Science Act, could result in more than $200 million in total federal incentives as well as potential state and local incentives. This proposed funding would support the expansion and modernization of both Infinera’s 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. Combined proposed funding for these two projects could create up to 1,700 manufacturing and construction jobs while strengthening America’s supply chain, economic a
Show less
Read more
Impact Snapshot
Event Time:
INFN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
INFN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
INFN alerts
High impacting Infinera Corporation news events
Weekly update
A roundup of the hottest topics
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