Intel to Invest $25 Billion in Israel After Winning Incentives
A 5th Gen Intel Xeon processor.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
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.