35 AI News and Ratings You Should Not Miss

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26. KLA Corporation (NASDAQ:KLAC)

Number of Hedge Fund Holders: 55  

KLA Corporation (NASDAQ:KLAC) markets process control and yield management solutions for the semiconductor industry. Latest reports, published on October 23, reveal that the company has completed the first phase of a new manufacturing facility in Singapore. The first phase included the building of the new facility as part of a $200 million investment by KLA to grow presence in Singapore. The area presently serves as a key manufacturing and engineering hub for the company. KLA is expected to commence work on expanding the facility, which is projected to be complete within the next two years. Oppenheimer recently initiated coverage of KLA Corp with a Perform rating and $750 price target.

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