A chip plant in Germany and a packaging and testing facility in Poland are not the only ones
What is known
Israeli authorities confirmed that Intelwill expand the production of processors and chipsets. By 2027, a new plant will be built in Kiryat Gat next to the existing site. The enterprise will create several thousand jobs in the country. Intel has been operating in Israel for almost 50 years and currently employs approximately 12,000 local residents.
The company has in Israelresearch centers and an advanced silicon wafer processing plant. Intel is investing $25 billion in chip production expansion, which will be a record for Israel.
The Kiryat Gat plant will operate until at least2035, i.e. within eight years of launch. According to the Israeli Ministry of Finance, the American company now pays 5% tax, and the new agreement provides for an increase in the rate to 7.5%.
Will Israel subsidize the constructionfactory has yet to be announced. For example, Germany offers the company benefits of almost $11 billion, while the value of the enterprise will be more than $18 billion. just over $3 billion with an investment of $25 billion.