Technology

Intel plans $5 billion investment in Israel by 2020

Cohen and other ministry officials earlier in the day met with Intel executives

Reuters February 21, 2018

Intel processors are displayed at a store in Seoul June 21, 2012. PHOTO: REUTERS

Chipmaker Intel plans to invest $5 billion to expand production at its Kiryat Gat plant in Israel in the next three years, Israeli Economy Minister Eli Cohen said on Wednesday.

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Cohen and other ministry officials earlier in the day met with Intel executives.

He said Intel would start expanding its plant in Israel this year and the investment would be completed by 2020.

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A spokesman for Intel in Israel declined to comment.

COMMENTS (1)

Fahim | 6 years ago | Reply Intel is already in decline support global foundries of uae

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