Intel pledges $2.7 billion to prepare Israeli fab for 22nm

Posted on Tuesday, January 18 2011 @ 21:04 CET by Thomas De Maesschalck

Intel announced it will invest up to $2.7 billion to prepare its manufacturing plant in Kiryat Gat, Israel for the production of 22nm chips. The investment includes a 740 million shekel ($210 million) grant by the Israeli government.

The investment, which will make the plant in Israel's Kiryat Gat the second of Intel's properties to be fully ready for 22nm production, will boost the facility's workforce by an estimated 1,000 over the next year. More importantly, however, it will also significantly enhance Intel's 22nm production volumes.

Work on upgrading the facility to the smaller process size is due to start immediately. Maxine Fassberg, general manager of Intel's Israeli operations, stated during a press conference that 'we are already in preparation for hiring, [and] we are scheduled to start production in December.'

The first 22nm chips are expected to arrive in early 2012.

Source: Bit Tech

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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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