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Zenger
Zenger
Business
JNS Reporter

Intel To Invest $25 Billion In Israel Chip Plant

Intel Offices in Jerusalem, Israel

JERUSALEM — Intel is making the biggest foreign investment ever in Israel with the building of a chip manufacturing plant, as announced by Prime Minister Benjamin Netanyahu on Sunday.

“The U.S. semiconductor company plans to spend $25 billion on a third factory in Kiryat Gat in the south of the country that is scheduled to open in 2027,” said the Finance Ministry.

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