Wall Street Breakfast GlobalWafers commits $7.5B to U.S. growth
May 16, 2025
GlobalWafers is making a bold $7.5 billion investment in the U.S. to meet skyrocketing chip demand. Virgin Galactic is gearing up for commercial flights again in 2026, reigniting excitement in space tourism. Berkshire Hathaway is shaking things up by exiting Citigroup and reducing stakes in other banks. The podcast also touches on various impressive market trends and economic insights, providing listeners with key knowledge to navigate the financial landscape.
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Global Wafers' Major U.S. Expansion
- Global Wafers is more than doubling its U.S. investment to $7.5 billion to meet soaring semiconductor demand.
- Its Texas facility will become the largest wafer plant in the U.S., supported by several expansion phases.
Virgin Galactic's 2026 Flight Plans
- Virgin Galactic is on track for commercial spaceflights starting in 2026.
- The company is focusing on building assets for a scalable, profitable space tourism business.
Buffett's Q1 Portfolio Moves
- Berkshire Hathaway trimmed holdings in several major banks like Citigroup and Bank of America in Q1 2025.
- It increased positions in Constellation Brands, VeriSign, and Pool Corporation while maintaining a steady Apple stake.