Intel to invest $11 billion on New Israeli Chip Plant

[abu afak]

'BDS' my ass.
That's alot more than they put in the USA.
It's an IQ/"Sechel" thing.
Trumpov will be jealous


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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[Natural Citizen]

I wouldn't touch that thing with a ten foot pole. lol.

 

[caddo kid]

'BDS' my ass.
That's alot more than they put in the USA.
It's an IQ/"Sechel" thing.
Trumpov will be jealous


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."
[.....]
​

`

The region is very volatile; shit can happen quick.
Not a good move IMO; would only take one missile to destroy the 'fab.'

 

[Dekster]

Pre-installed spyware