Intel to get $1 bn state grant for $11 bn Israel chip plant expansion Read more at: //economictimes.indiatimes.com/articleshow/67740021.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Intel to get $1 bn state grant for $11 bn Israel chip plant expansion Read more at: //economictimes.indiatimes.com/articleshow/67740021.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

JERUSALEM- Intel Corp will receive a grant of about $1 billion from the Israeli government for its latest investment plan to expand its chip manufacturing operations in the country, Israel's finance minister said on Tuesday.

Finance Minister Moshe Kahlon said late on Monday he was informed by the chip giant, already one of the biggest employers and exporters in Israel where many of its new technologies are developed, that it would invest about 40 billion shekels ($11 billion) in a new factory.

 

Full Article:  https://economictimes.indiatimes.com/tech/software/intel-to-get-1-bn-state-grant-for-11-bn-israel-chip-plant-expansion/articleshow/67740021.cms  

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