$SGX-AWX AEM (SGX) - Germany wins big as Intel spreads chip investment across six EU countries

"Intel has picked Germany as the site for a huge new chipmaking complex, giving the first details of a $88 billion investment drive across Europe, which is striving to cut its reliance on imports and ease a supply crunch for manufacturers.

The initial spending will total 33 billion euros ($36 billion), including 17 billion euros in Germany, where the auto industry is likely to be a prime customer for cutting-edge chips that could use technology as small as 2-nanometers.."

Extracting from my original note: AEM basically manufactures test handlers (and other things) for Intel’s High Density Modular Test machines that are able to test various types of computer chips on a single machine. AEM is currently the sole supplier for this test handler product and its consumables.

https://cutt.ly/bSsQHGW

Additionally, Temasek had increased their stake during recent sell off.

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