Intel to build $2.5 billion chip fab Israel

Posted on Monday, June 01 2009 @ 19:14 CEST by Thomas De Maesschalck

Intel is reportedly planning to build a new $2.5 billion chip manufacturing plant in southern Israel by 2012:

Intel Corp (INTC.O) is interested in building another chip manufacturing plant in southern Israel by 2012 at a cost of $2.5 billion, the Yedioth Ahronoth newspaper reported on Monday.

A spokesman for Intel in Israel declined to comment.

The newspaper said Intel executives had been holding meetings with Israeli government officials to determine whether the company would be eligible to receive grants for the plant.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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