Intel applies for grant to expand Israeli fab

Tuesday 14 June 2011 | 15:15 CET | News
Intel has applied for a USD 500-700 million grant from Isreal's Investment Promotions Center. According to local paper Globes, the Israeli Ministry of Industry, Trade and Labor said Intel filed the request to support its USD 4.8 billion expansion and upgrade plan for Fab 28 in Kiryat Gat. Intel normally asks for a grant amounting to 12-15 percent of its planned investment. Intel promises to hire 1,300 new employees at the fab, boosting its workforce to 4,400 when the upgrade is completed in 2014. Intel plans to upgrade Fab 28 for the production of integrated circuits on silicon wafers with

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Categories: General
Companies: Intel
Countries: Israel
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