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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 bob_super on Wednesday January 30 2019, @06:39AM
That Billion will be back in the local economy long before the building is inaugurated.
Fabs cost billions. Even if you don't make the machines, building them a clean room to operate in, and connecting everything they need to run, from roads, through humans, to rare gases, is a local job.