Intel to Invest $11.9 Billion in Israeli Fab Operation Expansion
Intel currently employs 12,700 people in Israel, including the 1,100 people employed by automotive chipmaker Mobileye
Intel has agreed to invest NIS 40 billion ($11.9 billion) to expand its fabrication operations in southern Israeli town Kiryat Gat, Israel's Minister of Finance Moshe Kahlon announced in a tweet Monday. Intel later announced it intends to submit a business plan to the Israeli government for continued investment in the site, which currently has two fab facilities, but did not disclose any financial details.
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The investment is part of Intel's global expansion of its manufacturing capabilities, announced December, Intel said. In addition to Israel, the company stated it intends to expand its operations in Ireland and Oregon. All three locations manufacture one or both of Intel’s 14 nm and 10 nm processors, in shortage in recent months. Intel also has several wafer fabrication sites in other U.S. locations and in Dalian in China.