Intel Corporation has confirmed plans to invest $25 billion in the expansion of a chip factory in southern Israel, near Kiryat Gat, just 19 miles from the Gaza border and roughly 40 miles south of Tel Aviv. This investment, which is the largest ever by a company in Israel, is part of Intel's global production expansion and comes amid tensions in the region and as the Biden administration imposes restrictions on chips from China. The Israeli government has agreed to support the project with a $3.2 billion grant. The announcement has led to a 4.6% increase in Intel's stock. The new facility, referred to as Fab 38, is expected to open by 2027 and is seen as a significant vote of confidence in the Israeli tech sector. Intel also plans to purchase over $16 billion worth of goods and services from Israeli suppliers over the next decade.
The semiconductor giant Intel confirmed on Wednesday that it would invest $25 billion to expand a chip factory in southern Israel after a $3.2 billion grant from the government there, moving ahead with a major investment in a country currently at war. https://t.co/SFMp784n2A
Financial Times @ft: Intel's $25 billion chip factory is Israel's 'largest ever' investment - Semafor. #aiforgood #GenAI #industry40 https://t.co/ybMrGkguOw
Intel, $INTC, confirms it'll invest $25 billion in Israel after reaching an agreement for incentives from the local government, per Bloomberg.
After receiving US$3.2 billion in government grants from #Israel, #Intel began the construction of Fab 38 in a show of confidence in Israel amid Intel's production expansion worldwide. https://t.co/yP6euwwXm7
Intel Corp. has confirmed it will invest a total of $25 billion in #Israel after securing $3.2 billion in incentives from the country’s government. https://t.co/Iv8CmvxTdD
Israeli interesting, isn’t it? “Israel's government agreed to give Intel a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday, in what is the largest investment ever by a company in Israel.” https://t.co/OWHUtI7fq0
$INTC is building a new $25B chip plant in Israel. @KristinaParts reports. https://t.co/Ofw8OHi83Y
Intel makes $25 billion investment in plant in Israeli city just 19 miles from Gaza border. The move, made before war, seems to be going forward. It comes as Biden administration places restrictions on chips from China. https://t.co/rZmg3jpDLj
Intel receives $3.2B grant from Israel’s government to build $25B chip fab https://t.co/SoLpDahAap
Intel will build $25 billion chip factory in Israel’s ‘largest investment ever’ https://t.co/KXVlWEJqsp via @CNNBusiness
Intel will build $25 billion chip factory in Israel’s ‘largest investment ever’ https://t.co/JJ0e5lr798
$INTC ripping today, +4.6% on news that the company will receive a $3.2 billion dollar grant to build a chip plant in Southern Israel. https://t.co/iaTZYo3qet
Israel says Intel on track for "unprecedented" $25 billion factory near Gaza strip https://t.co/iuqFY93MGx
Intel secures $3.25B Israeli gov't grant to build $25B chip fab in Israel amid ongoing tensions https://t.co/S8iWgzCyes https://t.co/LuUpRxQjSE
⚠️JUST IN: *INTEL WILL BUILD A NEW $25 BILLION CHIP PLANT IN ISRAEL, BIGGEST EVER COMPANY INVESTMENT IN COUNTRY https://t.co/weTOc2tN8s 👈 $INTC https://t.co/rbAy3EJ4IP
In times of genocide, @intel and the Israeli government announce a new investment to build a $25 billion chip plant in Kiryat Gat, in what is said to be the largest investment ever by a company in Israel. https://t.co/RxwAi8sLL9
Israel’s government has agreed to give Intel Corp a $3.2bn grant for a new $25bn chip plant it plans to build in southern Israel https://t.co/QNq0yhiKOE https://t.co/yf6orlVVdO
Intel confirms additional $15 billion investment in Israeli micro chip factory. https://t.co/wjAm9XNicb
Israel's government agreed to give Intel INTC.O a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday, in what is the largest investment ever by a company in Israel. https://t.co/uSNEu1fF9R
Israel agrees to give Intel a $3.2-billion grant for new $25-billion chip plant https://t.co/hLmTsIFNGy https://t.co/B1AkTlelrp
Intel To Invest $25 Billion in Israel After Winning Incentives https://t.co/IIbIu5K2Cd
Intel confirms it'll invest $25 billion in Israel after reaching an agreement for incentives from the local government https://t.co/H4R8aCjbxr
Israel's government has awarded a $3.2 billion grant to Intel as part of a $25 billion investment the chip company is making in a manufacturing facility roughly 40 miles south of Tel Aviv. https://t.co/tBI6Rf9MTV
$INTC (+2.2% pre) Israel grants Intel $3.2 billion for new $25 billion chip plant, biggest ever company investment in country - CNBC https://t.co/JFjOxOr3hf
Merry Christmas, Intel commits to the largest ever single investment in Israel, $25 billion for expansion of its chip-manufacturing plant in Kiryat Gat. https://t.co/xhIGonJQIC
#Intel Corp. has confirmed it will invest a total of $25 billion in #Israel after securing $3.2 billion in incentives from the country’s government. https://t.co/2SHkhyp0if
Intel clinches $3.2b government grant for $25b chip plant expansion in southern Israel https://t.co/pOVYK9QkqO . Click to read ⬇️
Israel's government agrees to give Intel a $3.2B grant for a $25B chip plant the company plans to build in Kiryat Gat in southern Israel, set to open in 2027 (@stevenmscheer / Reuters) https://t.co/Is71AY3sq6 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/FBQ3ZdD246
Now THAT's a vote of confidence! Notwithstanding #Israel is in midst of an unprecedented war, @intel confirms additional $15 billion investment in Israeli chip plant, while agreeing to buy over $16 billion worth of goods & services from Israeli suppliers over the next decade!… https://t.co/KPm8f9fDBr
Now THIS vote of confidence! Notwithstanding #Israel is in the midst of an unprecedented war, @intel confirms additional $15 billion investment in Israeli chip plant, while agreeing to buy over $16 billion worth of goods & services from Israeli suppliers over the next decade!… https://t.co/lyqvmkIXSp
Intel to get $3.2 billion government grant for new $25 billion Israel chip plant https://t.co/AMJJTy112u
🇮🇱BREAKING: INTEL GETS BILLIONS FROM ISRAEL TO BUILD PLANT CLOSE TO GAZA Israel has committed a $3.2 billion grant to Intel's groundbreaking $25 billion chip plant , the largest foreign investment in Israel's history. Slated to open by 2027, this mega-facility in Kiryat Gat, is… https://t.co/C5QMzk70RQ
BREAKING: Israel’s government agrees to provide Intel with a $3.2 billion grant, as the chip giant plans to build a new $25 billion plant in southern Israel, the biggest foreign investment in Israel's history.
Live update: Intel to open factory in Israel with investment of $25 billion https://t.co/cXfDnolzxo . Click to read ⬇️
A huge vote of confidence in Israeli hi-tech during these challenging times by US chip giant @intel! 🇮🇱🇺🇸 Confirmed this morning that Intel will invest a total of $25 BILLION in expanding its Israel operations, including building a new chip plant in Kiryat Gat. 🖥️ https://t.co/hVt1jZIVyH