Intel set to invest $5 Billion in Israeli plant to bolster production
Intel set to invest $5 Billion in Israeli plant to bolster production
Intel is expected to receive major Tax breaks in Israel thanks to this investment, which is expected to create new jobs within the nation both during the fab’s expansion and afterwards. The exact details of this deal have not been decided yet, though the company is expected to receive grants from Israel and other benefits.
If this deal is finalised, Intel will begin investing in the facility this year, with plans to increase the plant’s productivity in 2020 after the expanded facility become fully operational. If previous grants are anything to go by, Intel should be receiving a 10% grant from Israel’s government.
At this time it is unclear whether or not this expansion will be used to house additional 10nm equipment or become home to Intel’s future process technologies.
Intel is yet to confirm this deal, though it is likely to happen given how willing Israel is to discuss their plans openly.
You can join the discussion on Intel’s plans to expand their Kiryat Gat Plant in Israel on the OC3D Forums.