Intel will receive $3.2 billion in Israeli funding to build chip factories

 


【Lansheng Technology News】The Israeli government agreed on December 26 to allocate US$3.2 billion to Intel to build a US$25 billion chip factory in southern Israel. Despite the ongoing conflict between Israel and Palestinian Hamas, Intel said that the expansion plan of the Kiryat Gat factory in Israel is "an important part of Intel's efforts to promote a more resilient global supply chain" and is also the company's ongoing manufacturing in Europe, the United States. an important part of industrial investment.


The Israeli government’s $3.2 billion in subsidies accounted for 12.8% of the total investment in the chip factory. In addition, Intel has also committed to purchasing goods and services worth 60 billion shekels (approximately $16.6 billion) from Israeli suppliers over the next ten years. New The factory is also expected to create thousands of jobs.


It is reported that Intel began investing in Israel as early as 1974 and currently has four R&D and production bases in Israel, including a chip factory in Kiryat Gat. Intel currently has nearly 12,000 employees in Israel.


In June 2023, Israeli Prime Minister Netanyahu stated that Inger would build a new chip factory worth US$25 billion in Israel, but Intel has not officially recognized this investment to this day. However, Intel said that construction work on the expanded factory has begun, including the construction of clean rooms and supporting buildings, and most of the buildings, including pile foundations and first-floor pouring, have been completed.


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