Overview

• 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.