# Intel to invest $10.9 billion in new chip factory in Israel

Intel announced a $10.9 billion investment to build a new chip-making factory in Kiryat Gat, Israel, expected to create thousands of jobs.

- Type: New facility
- Announced: 2019-01-29
- Where: Kiryat Gat, Israel, Israel
- Value: $10.9B
- Status: announced
- Products: chip-making
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Intel](https://endata.com/companies/21062.md)

## Sources

- [telecomlead.com](https://telecomlead.com/telecom-chips/intel-to-invest-10-9-bn-in-new-chip-factory-in-israel-88552), 2019-01-29: "Intel's global management has informed us about its decision to invest another 40 billion shekels in Israel, an unprecedented decision that is expected to bring thousands of jobs to the south (of Israel)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.