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Intel Discloses Plans to Spend $5 Billion on Fab 28 Expansion in Israel
Intel and two Israeli ministries this week announced that the chip giant plans to invest $5 billion in its Kiryat Gat fab complex – Fab 28 – through 2020. Under the plan, Intel is expected to buy various products from local suppliers and hire additional personnel. In return, Israel will provide the processor maker a tax rebate and a government grant. Furthermore, Intel will receive another grant if it upgrades its manufacturing in Israel further.
Under the terms of the investment plan, Intel will invest $5 billion (NIS 18 billion) in its Kiryat Gat ventures until 2020. The chip giant is expected to buy $838 million (NIS 3 billion) worth of local goods and add 250 people to its workforce, reports The Times of Israel citing the Finance Ministry. If the plan is approved by the Israeli authorities, Intel will get a 5% tax rebate till 2027, as well as a $195.5 million (NIS 700 million) government grant. Additionally, if Intel decides to "significantly upgrade" its fab "technologically", the company will get another $195.5 million grant.
Intel's first "10nm" CPU will be the i3-8121U, a dual-core part which will be featured in the Lenovo Ideapad 330. Due to low yields on the "10nm" process, a few Cannon Lake CPUs will be released in 2018 alongside "14nm" Whiskey Lake. Both microarchitectures are considered to be "8th-generation" (hence the '8' in "i3-8121U").
Also at CTech.
(Score: 0, Troll) by Anonymous Coward on Monday May 21 2018, @01:58AM (1 child)
US law specifically protects Israel from "Boycott, Divestment, Sanctions" because this has been a problem. Every year I have to suffer through corporate training on this. For example, when selling something, we aren't permitted to disclose if it contains parts from Israel.
Israel is not murderous. Israel has long resisted doing the practical thing, which is to get themselves some rail cars and furnaces and Zyklon B. Nothing else will bring peace to the region. Right now we don't have a final solution; we keep having outbreaks of violence. Given the ongoing births, the current situation will ultimately kill more Palestinians than are alive today. Palestinian lives can be saved if we get things over with.
(Score: 2) by DeathMonkey on Monday May 21 2018, @05:50PM
US law specifically protects Israel from "Boycott, Divestment, Sanctions" because this has been a problem.
That law hasn't passed yet and is unconstitutional as hell if it ever gets anywhere. [aclu.org] I believe the original version has already been struck down by the courts.