Intel bets $25 billion on Israel

[Zephyr]

Good news for once!

Intel bets $25 billion on Israel

Bibi Netanyahu must have been beaming when he announced to his Cabinet via television that Israel is to receive its biggest foreign investment yet: a $25-billion commitment from Intel to build a new chip-making factory and other facilities ...

www.americanthinker.com

Bibi Netanyahu must have been beaming when he announced to his Cabinet via television that Israel is to receive its biggest foreign investment yet: a $25-billion commitment from Intel to build a new chip-making factory and other facilities in Israel. It is a great sign of confidence that Israel will continue to exist in the face of existential threats from Iran and Hamas/Hezb'allah, and it keeps Israel at the forefront of an important area of technology, where it is a global power despite its tiny size.

Since entering Israel in 1974, Intel has invested more than $17 billion in Israel and employs 11,700 employees at its three R&D centers — in Haifa, Petah Tikva and Jerusalem — as well as at its manufacturing plant in Kiryat Gat. Intel says it is currently responsible for creating indirect employments positions for approximately 42,000 workers in Israel.

 

[Tall Timbers]

As an intel stockholder, I approve.