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Intel to Invest $10B in New Israeli Manufacturing Site Daniel Sonnenfeld 05/03/2021
The chip giant will also enlarge its R&D centers in the country at a cost of $600 million
Intel confirmed on Sunday that it had begun building a new manufacturing center at an estimated cost of $10 billion in Kiryat Gat, an Israeli city in the south of the country, where the company already has a large plant. The company also committed to enlarging its research and development centers in Jerusalem and Haifa at a cost of $600 million. Last week, the company said that it planned to employ 1,000 more Israelis, expecting that its Haifa center will develop the “chips of the future.”