Intel Delays Construction on Israel Plant in Effort to Manage Global Costs
The sample of an Intel chip.
Photographer: I-Hwa Cheng/AFP/Getty ImagesThis article is for subscribers only.
Intel Corp. will delay construction on its $25 billion chip-manufacturing plant in Israel as the company works to pace its multi-billion-dollar investments in factories planned worldwide, people familiar with the matter said.
The slowdown to Intel’s plans is temporary, the people said, asking not to be identified because the information isn’t public. The company sent a note to some suppliers last month informing them of the delay, one of the people said.