Intel Plans New Chip Plant In Israel

by Thorsten Finck on: 06/03/2009 07:59 AM | source: | 0 comment(s)

According to an article in the Yedioth Ahronoth newspaper, Intel plans to build another chip manufacturing plant in southern Israel by 2012 at a cost of $2.5 billion.

"The newspaper said Intel executives had been holding meetings with Israeli government officials to determine whether the company would be eligible to receive grants for the plant. Intel's $3.5 billion Fab 28 plant in the southern Israeli town of Kiryat Gat started mass production in February of 45 nanometre-wide processors. It will reach full production capacity by the end of the year. Intel received a state grant of $525 million for Fab 28."

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