Intel Pauses $25 Billion Chip Plant Project in Israel

The semiconductor giant cites the need for 'responsible capital management' and changing timelines as reasons for the delay.

Intel has halted the construction of a $25 billion chipmaking plant in Kiryat Gat, Israel.
The company emphasizes its continued commitment to Israel as a key manufacturing and R&D hub.
Intel attributes the decision to business conditions, market dynamics, and responsible capital management.
The Israeli government had agreed to provide a $3.2 billion grant to support the project.
There is no clear timeline for when the construction will resume.