Intel has announced the construction of a new plant in southern Israel, reflecting a significant investment in the region despite potential risks highlighted by commentators like David Rosenberg and Sagi Cohen. Concerns arise from Intel's delicate strategic position and previous delays in deal executions. Sagi Cohen also notes the importance of Israel not becoming overly dependent on Intel. In a separate development, Alibaba is undergoing a crisis, as reported by the Financial Times, with a restructuring plan that has not met expectations. Alibaba Group has repurchased 3.3% of its shares, totaling $9.5 billion in 2023, and plans to buy back an additional 5.5% with the $11.7 billion remaining in its buyback program until March 2025. Alibaba's stock was down 1.7% in pre-market trading following the news.
ALIBABA SAYS IT SPENT $9.5 BILLION DOLLARS ON SHARE BUYBACKS IN 2023 ALIBABA CURRENTLY STILL HAS $11.7 BILLION DOLLARS LEFT IN ITS BUYBACK PLAN $BABA https://t.co/e5H7zNh55b
Jack Ma's Alibaba was once China's answer to Silicon Valley giants ā but its turnaround plan appears to be in trouble https://t.co/VWrrfWO0Ez
$BABA (-1.7% pre) Alibaba Group says repurchased $9.5 bln worth shares in 2023 - Reuters https://t.co/P0d2gQ4eMD
$BABA repurchased 3.3% of their shares in the LTM. $11.7b remaining for the current buyback until march 2025, which would be another 5.5%
Alibaba Group says repurchased $9.5 bln worth shares in 2023 https://t.co/Wlsvtk5Rue https://t.co/z4utK5s9Q4
Employees, sources, and experts describe crisis at Alibaba as the company struggles to chart a new course and an ambitious restructuring did not go as planned (Financial Times) https://t.co/lF31ZOPZ3Y š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/lch7qnBEIk
Let's say that the grants and incentives being offered to Intel are preferable to any alternative. The risks still must be taken into account, and Israel must also beware not to become overly dependent on Intel / Sagi Cohen https://t.co/QDcNEQb3NO
If Intel is unable to pull off the major business and strategic shifts it is currently planning, and its situation gets worse, it's hard to know whether the construction of its new and expensive plant in southern Israel will come to fruition / Sagi Cohen https://t.co/QDcNEQbBDm
Intel's announcement of the construction of a new plant in southern Israel is a significant show of faith. But the company's sensitive strategic and business position, and delays in executing past deals, raise potential risks / Sagi Cohen https://t.co/QDcNEQb3NO
Intel's announcement of the construction of a new plant in southern Israel is a significant show of faith. But the company's sensitive strategic and business position, and delays in executing past deals, raise potential risks / David Rosenberg https://t.co/QDcNEQbBDm