Intel, the US chip giant together with Prime Minister Benjamin Netanyah announced its plan to invest $25 billion in a new chip manufacturing plant in Israel. The plant will be located in the city of Kiryat Gat, in southern Israel, and will be the largest private investment in the country’s history.

The new plant will be dedicated to producing advanced processors using Intel’s 10-nanometer technology, which is currently used in some of the company’s most advanced products, including its latest generation of processors. The plant will also employ over 1,000 engineers and technicians, and will create thousands of additional jobs in the local economy.

Intel’s decision to invest in Israel is a testament to the country’s reputation as a global leader in technology and innovation. Israel has a thriving tech industry, with a highly LPskilled workforce and a robust startup ecosystem. The country is also home to some of the world’s most innovative companies, including Waze, Mobileye and Check Point.

Intel has a long history of investing in Israel, dating back to the 1970s when it established its first development center in the country. Since then, the company has expanded its presence in Israel, investing in new research and development centers and acquiring Israeli startups.

The new plant in Kiryat Gat is a significant investment for Intel, and it underscores the company’s commitment to advancing the industry and driving innovation. Intel’s CEO, Pat Gelsinger, has stated that the investment in Israel is part of the company’s strategy to increase its global manufacturing capacity and to support its customers’ growing demand for advanced chips.

The investment in Israel comes at a time when the global semiconductor industry is facing significant challenges. The COVID-19 pandemic has disrupted global supply chains and caused shortages in key components, including semiconductors. The investment in Israel will help to address these challenges and ensure that Intel can continue to meet the growing demand for advanced processors.

Intel’s decision to invest $25 billion in a new chip manufacturing plant in Israel is a significant development for the global semiconductor industry. The investment underscores Intel’s commitment to driving innovation and advancing the industry, and it is a testament to Israel’s reputation as a global leader in technology and innovation. The new plant will create jobs and drive economic growth in the region, and it will help to ensure that Intel can continue to meet the growing demand for advanced processors.

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