Intel to sink in $10.9 billion for new chip plant: Moshe Kahlon Israel’s finance minister

Intel is one of the biggest employers in Israel as well as one of its biggest exporters. Israel’s finance minister has stated, Intel Corp will sink in $10.9 billion (40 billion shekels) on a new chip plant factory in Israel, as part of its most recent multi-billion dollar investment in the country. “Intel’s global management…

Israel’s parliament approves $185 million grant to Intel

For Intel, Israel is an important country given that it develops some of its key technologies . In a significant development, Israel’s Finance Committee has informed the country’s parliament that it has approved a grant of $185 million (700 million shekel) to Intel Corp in return for a planned $5 billion expansion of its production…

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