Intel Plans to Spend $550 Million Upgrading Chip Manufacturing Plant in Israel

Intel’s making a major investment into Fab 28 in Kyryat Gat

Intel, the world’s largest semiconductor company, will invest a further $550 million into its Fab 28 facility in Kiryat Gat, one of the most advanced chip manufacturing plants on the planet. The investment is the result of a reciprocal purchasing agreement Intel inked with the Israeli Ministry of Economy. This latest deal brings Intel’s total investments in Israel to over $6 billion since 2006.

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