Intel Confirms $25 Billion Chipmaking Factory in Israel with $3.2 Billion Government Grant

Despite Ongoing Gaza War, Intel Undeterred in Expansion Plans, Promising Thousands of Jobs and Boost to Israeli Economy

Intel Corp. has confirmed plans to build a $25 billion chipmaking factory in southern Israel, with the Israeli government providing a $3.2 billion grant for the project.
The factory, to be located in Kiryat Gat, is part of Intel's strategy to foster a more resilient global supply chain and compete with rivals like AMD, Nvidia, and Samsung.
Intel's expansion plan is considered the largest investment ever by a company in Israel, and the new facility is expected to create several thousand jobs.
Despite the ongoing war in Gaza, Intel is undeterred in its plans to expand its existing chipmaking factory, which is about 27 miles from Gaza.
Intel has also committed to buy 60 billion shekels ($16.6 billion) worth of goods and services from Israeli suppliers over the next decade.