Intel will reportedly be investing $6 billion to upgrade its Fab 28 chip fab in Kiryat Gat, Israel, to support manufacturing on a 10nm process. Israel's finance minister Yair Lapid revealed to Reuters that Intel will receive a $300 million government grant and a ten-year corporate tax reduction. Lapid points out that this is the biggest investment by a foreign company ever in Israel.
The massive investment comes less than a year after Intel mothballed its new Fab 42 facility in Arizona following the company's 14nm issues. At the time, Intel's Chuck Mulloy suggested that Fab 42 could be used for future process nodes - meaning 10nm - but with the Israel deal seemingly signed and sealed that seems unlikely to happen any time soon.