Israel’s government has agreed to provide Intel with a grant of $3.2 The Israeli government has approved a grant of $3.2 billion, to Intel for the establishment of a chip plant in southern Israel with no connection to the ongoing tensions involving Hamas. This move by Intel is seen as a step towards strengthening the global supply chain and enhancing resilience in the face of challenges. In addition to this investment, Intel has also made plans for manufacturing expansions in Europe and the United States.

The grant, amounting to 12.8 percent of the total investment, is part of Israel’s effort to foster economic growth and innovation. Intel has additionally committed to procuring goods and services worth 60 billion shekels from Israeli suppliers over the next decade. The new facility is expected to create several thousand job opportunities.

Intel, which already operates four development and production sites in Israel, employing nearly 12,000 people, had its investment plans in Israel confirmed following Prime Minister Benjamin Netanyahu’s earlier announcement. Construction is underway for the expansion, with progress in the development of clean rooms and support buildings, including pile casting and initial floors.

The projected opening of the new plant is set for 2027, with operations expected to continue through 2035. Intel’s investment not only solidifies its presence in Israel but also marks a significant contribution to the nation’s economic landscape and employment sector. The tech giant’s forward-looking approach aligns with its global strategy and underscores its role in the evolving technology supply chain.

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