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Breaking News from Newsmax.com

Breaking News from Newsmax.com

Chip Champ: Israeli firm Doubles In Value To $10 Billion

Israeli chipmaker Tower Semiconductor isn’t looking back.

Two years after its $5 billion sale to Intel collapsed, the company has surged to a $10 billion valuation, delivering blowout earnings and announcing a $300 million global expansion to meet soaring AI-driven demand.

The company is extending production of its next-generation analog chips key components that help power AI systems across three additional factories worldwide.

Tower is also projecting record Q4 revenue, capping a remarkable rebound fueled by booming chip sales.

Israel Unveils 0% Tax Plan to Encourage Immigration

Israel is rolling out a bold new incentive to boost immigration: a 0% income tax rate for newcomers in 2026 and 2027.

It's part of a sweeping plan aimed at drawing skilled workers, investors, and families to the country.

The proposal phases taxes back in gradually through 2030 and includes a 10-year exemption on foreign income, making it one of the most aggressive aliya incentives in decades.

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