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Intel negotiating new plant in Israel

by on29 June 2010


Seeking $400 million incentive package
Intel is currently negotiating the construction of a new plant in Israel and it’s asking the government for some assistance, in the form of a $400 million incentive package. The plant would be located in Kiryat Gat and it would employ around 400 workers, so each new job would cost the government a cool $1 million, which doesn’t sound like a very good deal for taxpayers.

However, the Israeli Ministry of Industry, Trade and Labor is reportedly offering $200 to $250 million, but there is a catch. Israeli media report that the ministry would gladly offer a bigger package if Intel chooses to construct another facility in northern Israel sometime in the future.

Intel currently operates several facilities in five Israeli cities and it employs 6,300 workers, which is quite a lot in a nation of 7.5 million, so it’s no wonder that it’s seeking a generous offer from the Israeli government.

More here.
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