Intel to invest $11 billion on New Israeli Chip Plant

[abu afak]

On top of Last May's $5 Billion.
WOOF!
That's alot more than they put in the USA.
It's an IQ/"Sechel" thing.
Trumpov would be pissed.


Intel to invest $11 billion on new Israeli chip plant: Israel Finance Minister
- January 29, 2019
Intel to invest $11 billion on new Israeli chip plant: Israel Finance Minister

Intel Corp will invest 40 billion shekels ($10.9 billion) on a new chip-making factory in Israel, the Israeli finance minister said on Monday, the latest multi-billion dollar investment in the country by the U.S. semiconductor giant.

"Intel's global management has informed us about its decision to invest another 40 billion shekels in Israel, an unprecedented decision that is expected to bring thousands of jobs to the south (of Israel)," the country's finance minister Moshe Kahlon said on Twitter.

The news follows a commitment by Intel in May last year to invest about 18 billion shekels ($5 billion) to upgrade its existing factory in the southern Israeli city of Kiryat Gat between 2018 and 2020.

That agreement had included a promise by Intel to spend 3 billion shekels on local suppliers.

Intel is planning to build its new factory at Kiryat Gat, the Globes news website reported earlier on Monday."
[.....]
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`

 

[deanrd]

They should have plenty of capital.

After Trump and the GOP gave billionaires gifts of money.

\

 

[Snouter]

Larry Silverman, the weirdo who leased the WTC for a century and got multiple insurance payments post "9/11" demanded American companies move operations in the mid 90's. Very sad. The fear of being called anti-sementic, the fear of being libelled by the 100's of sementic organizations, it is easier to just do as they say.

 

[Aldo Raine]

On top of Last May's $5 Billion.
WOOF!
That's alot more than they put in the USA.
It's an IQ/"Sechel" thing.
Trumpov would be pissed.


Intel to invest $11 billion on new Israeli chip plant: Israel Finance Minister
- January 29, 2019
Intel to invest $11 billion on new Israeli chip plant: Israel Finance Minister

Intel Corp will invest 40 billion shekels ($10.9 billion) on a new chip-making factory in Israel, the Israeli finance minister said on Monday, the latest multi-billion dollar investment in the country by the U.S. semiconductor giant.

"Intel's global management has informed us about its decision to invest another 40 billion shekels in Israel, an unprecedented decision that is expected to bring thousands of jobs to the south (of Israel)," the country's finance minister Moshe Kahlon said on Twitter.

The news follows a commitment by Intel in May last year to invest about 18 billion shekels ($5 billion) to upgrade its existing factory in the southern Israeli city of Kiryat Gat between 2018 and 2020.

That agreement had included a promise by Intel to spend 3 billion shekels on local suppliers.

Intel is planning to build its new factory at Kiryat Gat, the Globes news website reported earlier on Monday."
[.....]
​

`

Now that is tRump MAGA!!!

 

[theHawk]

Are they using slave labor in Israel?