Intel Confirms $25 Billion Investment in Israeli Chip Factory Expansion

Despite ongoing conflict and calls for boycotts, the semiconductor giant moves forward with major investment, set to create thousands of jobs and bolster Israel's economy.

• Intel has confirmed a $25 billion investment to expand its chip factory in Kiryat Gat, Israel, after receiving a $3.2 billion grant from the Israeli government.
• The expansion is set to begin by 2028 and last through at least 2035, creating thousands of jobs and bolstering Israel's economy.
• Intel's investment is seen as a significant vote of confidence in Israel, despite the ongoing conflict in Gaza and calls for boycotts against companies operating in Israel.
• Intel, which has been operating in Israel since 1974, is the country's largest private employer, with nearly 12,000 employees.
• The new facility, dubbed Fab 38, will be equipped with state-of-the-art Extreme Ultraviolet (EUV) lithography equipment, crucial for the production of advanced semiconductor chips.

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