(Bloomberg) -- Intel Corp. confirmed it will invest a total of $25 billion in Israel after securing $3.2 billion in incentives from the country’s government.
The outlay, announced by the Israeli government in June and unconfirmed by Intel until now, will go toward an expansion of the company’s wafer fabrication site in Kiryat Gat, south of Tel Aviv. The incentives amount to 12.8% of Intel’s planned investment.
Israel’s Finance Ministry said the investment is the largest by any company in the country. “The timing, which comes as the world is highly competing for chip investments, is a significant vote of confidence in Israel’s economy,” the ministry said in a statement.
finance.yahoo.com
As part owner (a very small part) of Intel Corp, I approve.
The outlay, announced by the Israeli government in June and unconfirmed by Intel until now, will go toward an expansion of the company’s wafer fabrication site in Kiryat Gat, south of Tel Aviv. The incentives amount to 12.8% of Intel’s planned investment.
Israel’s Finance Ministry said the investment is the largest by any company in the country. “The timing, which comes as the world is highly competing for chip investments, is a significant vote of confidence in Israel’s economy,” the ministry said in a statement.
Intel to Invest $25 Billion in Israel After Winning Incentives
(Bloomberg) -- Intel Corp. confirmed it will invest a total of $25 billion in Israel after securing $3.2 billion in incentives from the country’s government.Most Read from BloombergGoldman’s Painful 2023 Lesson on China Forces Rethink of Emerging MarketsChina Is Softening Stance on Gaming After...
As part owner (a very small part) of Intel Corp, I approve.
