Intel to invest $11 billion in Israel chip plant expansion

Intel Corp will invest about $11 billion (40 billion shekels) to expand its chip manufacturing operations in Israel, with a $1 billion grant from the Israeli government. The new factory will be built in Kiryat Gat and produce chips for smartphones, creating about 1,000 jobs.

“Intel Corp will receive a grant of about $1 billion from the Israeli government for its latest investment plan to expand its chip manufacturing operations in the country, Israel's finance minister said on Tuesday.”reuters.com

• 2 sources
• reuters.comIntel to get $1 billion state grant for $11 billion Israel chip plant expansionSteven ScheerJan 29, 2019
• haberintelifi.aa.com.trشركة "إنتل" تستثمر 11 مليار دولار في مصنع في إسرائيلJan 29, 2019

Summarized from public sources; check the original articles before acting on it.