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."