Intel is looking to expand their chip making facilities outside of the US. The first story this week involves a huge $25 billion dollar investment in chipmaking in Israel. Intel will pay increased taxes on the factory in return for an even bigger grant on the total investment should the conditions be met upon completion. The Israeli factory is expected to open in 2027 and operate through at least 2035. The second big investment comes in Germany, where the government has agreed to provide over $10 billion in additional subsidies for a fabrication facility in Magdeburg. Both of these announcements come on the heels of a testing facility being built in Poland. Stephen, why is Intel trying to expand their non-US operations after the CHIPS Act? This and more on the Rundown.

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