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Intel plans $11 billion manufacturing plant in Israel

Jan 31, 2019 - ICT Monitor Worldwide

The new manufacturing plant will reportedly be built in the southern city of Kiryat Gat, Israel where Intel will create 1000 jobs, a number that will add onto the current 13,000 employees in Israel. Intel has previously asked the Israeli government to chip in 10-15% of the expected cost of the facility, but Israel instead offered a 5% grant with a further 5% tax credit for a promise of jobs and operation of the plant for at least 12 years.

Israeli Finance Minister, Moshe Kahlon, said on Tu...