Intel has confirmed reports, first floated half a year ago, that it plans to build a new chip factory in the southern Israeli town of Kiryat Gat, where it already has a foundry called Fab28.
The California-based international company, one of the world’s largest semiconductor chip manufacturers, said the planned addition is an “important part of Intel’s efforts to foster a more resilient global supply chain, alongside the company’s ongoing and planned manufacturing investments in Europe and the United States.”
A chip fabrication plant, or fab, is expensive to build. Israel’s government will kick in $3.2 billion toward the construction, as the new facility will create thousands of employment opportunities.
Intel to invest $25b in chip factory in southern Israel - ISRAEL21c