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The Silicon Valley tech giant already employs 11,700 people in Israel and has invested more than $50 billion in the country over the last 50 years.
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The Israeli government has given Intel $3.2 billion in incentives to expand its chip manufacturing in the country.
The Silicon Valley tech giant already employs 11,700 people in Israel and has invested more than $50 billion in the country over the last 50 years.
The Largest-ever Private Investment in Israel Is Perceived as a Major Show of Support by a U.S. Company Amid Israel's Ground Operation in Gaza
The Israeli government and Intel confirmed plans to build a $25 billion chipmaking factory in the south of the country, an investment Prime Minister Benjamin Netanyahu has described as the biggest in Israel’s history.