Intel Will Invest $6B in Israel Factory
The Intel Corp. will invest $5 billion to $6 billion in its southern Israel factory.
The company is filing an investment plan for the Kiryat Gat work with Israel’s Ministry of the Economy, the Israeli business daily Globes reported, citing company sources. Intel could receive a grant for about 5 percent of the job — some $300 million, according to Globes.
Intel, which has been operating in Israel for 40 years, has four development centers and two production plants in the country.
The company will make an official announcement in the coming weeks, according to reports.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning journalism this Passover.
In this age of misinformation, our work is needed like never before. We report on the news that matters most to American Jews, driven by truth, not ideology.
At a time when newsrooms are closing or cutting back, the Forward has removed its paywall. That means for the first time in our 126-year history, Forward journalism is free to everyone, everywhere. With an ongoing war, rising antisemitism, and a flood of disinformation that may affect the upcoming election, we believe that free and open access to Jewish journalism is imperative.
Readers like you make it all possible. Right now, we’re in the middle of our Passover Pledge Drive and we need 500 people to step up and make a gift to sustain our trustworthy, independent journalism.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
Our Goal: 500 gifts during our Passover Pledge Drive!