# 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.

- Type: Expansion
- Announced: 2019-01-29
- Where: Kiryat Gat, Israel
- Value: $11.0B
- Jobs: 1,000
- Status: announced
- Products: semiconductor chips for smartphones
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [reuters.com](https://www.reuters.com/article/us-israel-intel/intel-to-get-1-billion-state-grant-for-11-billion-israel-chip-plant-expansion-idUSKCN1PM2GT/), 2019-01-29: "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."
- [haberintelifi.aa.com.tr](https://haberintelifi.aa.com.tr/ar/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/%D8%B4%D8%B1%D9%83%D8%A9-%D8%A5%D9%86%D8%AA%D9%84-%D8%AA%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-11-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D9%85%D8%B5%D9%86%D8%B9-%D9%81%D9%8A-%D8%A5%D8%B3%D8%B1%D8%A7%D8%A6%D9%8A%D9%84/1377761), 2019-01-29: "قال وزير المالية الاسرائيلي موشيه كحلون، إن شركة التكنولوجيا العالمية "إنتل"، قررت استثمار نحو 11 مليار دولار لتوسيع عملياتها في إسرائيل."

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