Intel expands factory with major investment from Israel

Intel's latest venture in Israel, marked by the establishment of a new chip plant, represents a significant advancement in the global tech industry. The Israeli government has shown substantial support for this project, providing a grant of $3.2 billion. This investment is not linked to the ongoing tensions involving Hamas, underscoring the focus on economic growth and technological progress.

The grant, which constitutes 12.8 percent of the total investment, aligns with Israel's goal to foster economic development and innovation. Intel's commitment to this project is further emphasized by its plan to procure goods and services worth 60 billion shekels from Israeli suppliers over the next decade. This collaboration is expected to create thousands of job opportunities, significantly impacting the local employment landscape.

Intel expands factory with major investment from Israel

Intel's presence in Israel is already substantial, with four development and production sites employing nearly 12,000 people. The confirmation of this new investment, following an announcement by Prime Minister Benjamin Netanyahu, marks a further expansion of Intel's operations in the country. Construction has begun, with significant progress being made in the development of clean rooms and support buildings, including pile casting and the construction of initial floors.

The new facility is projected to open in 2027 and is expected to operate through 2035. This long-term commitment by Intel not only cements its presence in Israel but also contributes significantly to the country's economic and employment sectors. Intel's investment in Israel is part of its broader global strategy, emphasizing its role in the ever-evolving technology supply chain and highlighting its commitment to strengthening and enhancing resilience in the face of global challenges.

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