Intel Considers $11 Billion Fab in Israel
Late last year Intel announced massive plans to increase its global chip production capacities by upgrading, expanding, and equipping four of its fabs. As it turns out, the company is not going to stop there and is considering to build a brand new fab in Israel, which will cost $11 billion.
Moshe Kahlon, Israeli Finance Minister, on Tuesday confirmed that Intel had applied for a grant of about $1 billion from the government for its new investment plan to build a fab that would cost $11 billion. If everything goes as planned, the investment will not only be the biggest of its kind in Israel, but Intel will also build the largest semiconductor fab in the region. Furthermore, the expansion will add 1,000 new employees to Intel's staff of approximately 13,000 in Israel.
[...] Intel and Ministry of Finance reportedly started talks about the new fab several weeks ago, so the production facility is a few years away.
Previously: Intel to Spend $5 Billion on Fab in Israel, Likely to Produce 10nm Chips
(Score: 2) by MostCynical on Wednesday January 30 2019, @04:12AM
As well, having the Israeli security forces available to help keep others* out of the facilitywould be a bonus.
Other governments
"I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex