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Intel set to invest $5 Billion in Israeli plant to bolster production

This facility is currently getting upgraded to create 10nm products

Intel set to invest $5 Billion in Israeli plant to bolster 10nm production

Intel set to invest $5 Billion in Israeli plant to bolster production

Isreal's Minister of Economy and Industry, Eli Cohen, has stated that Intel has plans to spend $5 Billion to expand production ion their Kiryat Gat facility, a location where they have already invested $6 billion to upgrade the facility from 22nm to 10nm production.

Intel is expected to receive major Tax breaks in Israel thanks to this investment, which is expected to create new jobs within the nation both during the fab's expansion and afterwards. The exact details of this deal have not been decided yet, though the company is expected to receive grants from Israel and other benefits.  

If this deal is finalised, Intel will begin investing in the facility this year, with plans to increase the plant's productivity in 2020 after the expanded facility become fully operational. If previous grants are anything to go by, Intel should be receiving a 10% grant from Israel's government.

At this time it is unclear whether or not this expansion will be used to house additional 10nm equipment or become home to Intel's future process technologies. 
  

Intel set to invest $5 Billion in Israeli plant to bolster 10nm production  

Intel is yet to confirm this deal, though it is likely to happen given how willing Israel is to discuss their plans openly. 

You can join the discussion on Intel's plans to expand their Kiryat Gat Plant in Israel on the OC3D Forums

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Most Recent Comments

21-02-2018, 15:55:20

Dicehunter
A few good friends of mine in Israel used to work for Intel, Said the work environment was amazing.Quote

21-02-2018, 16:21:11

AlienALX
lmao didn't they just spend like three years closing factories?Quote

21-02-2018, 19:37:42

NeverBackDown
Quote:
Originally Posted by Dicehunter View Post
A few good friends of mine in Israel used to work for Intel, Said the work environment was amazing.
Compared to anything else out there I would think it's heaven

Quote:
Originally Posted by AlienALX View Post
lmao didn't they just spend like three years closing factories?
No. They have been investing quite heavily in there FABs.Quote
Reply
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