Featured Articles

Analyst reveals Apple Watch spec

Analyst reveals Apple Watch spec

An analyst has examined the Apple Watch supply chain in an effort to ascertain the exact spec of Cupertino’s new gadget…

More...
Nvidia's first 20nm product is a mobile SoC

Nvidia's first 20nm product is a mobile SoC

For much of the year we were under the impression that the second generation Maxwell will end up as a 20nm…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 20 December 2013 12:28

Israel offering Intel up to $1 billion to build new plant and expand

Written by Nick Farrell



Expand in the Promised Land

The Israeli government is offering Chipzilla a package of sweetners to expand its operations in the country.

Sources say government has offered Intel a sliding scale of grants: $200 million if it only expands its current Israeli plant, rising to $1 billion if it builds new plant. The Israelis want Intel to upgrade its plant in Kiryat Gat and build a new one next door. The money mean the Israeli government will cover somewhere between four to ten per cent of the overall cost.

Israel is engaged in a global competition to play home to Intel’s next-generation production facilities. A lot is at stake, as the American company’s Kiryat Gat plant is a major source of export earnings for the country, as well as a major employer.

In 2012, Intel Israel’s exports more than doubled to $4.6 billion, or 10% of the country’s total industrial exports, while employing some 8,500 people.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments