FUD Zilla reports Intel plans to expand its fab at Kiryat Gat in Israel:
The plan is to produce in two or three years silicon wafers with the innovative 15-nanometer technology.
If the upgrade is carried out, Intel's Kiryat Gat fab will become one of the multinational's most advanced fabs. Chipzilla wants to invest $4.8 billion and expects a 600 million if it does it. Intel Israel will hire 1,300 additional employees.
The expansion plan follows another grant which was awarded six months ago, a $200 million grant to upgrade the Kiryat Gat fab. The upgrade is currently underway.