Intel -T (INTC) Will Add An Additional $2 Billion 750 Million Investment In Israel

2010/10/6 17:02:00 44

Beijing time on October 4th evening news, the Israeli government said Monday that the chip manufacturing giant.

Intel -T

INTC will invest 10 billion Israeli Xie Kerr (US $2 billion 750 million) in Israel between 2011 and 2018.

chip

The manufacturer is upgrading.

In a statement Monday, Israel's minister of finance, industry and trade pointed out that the Israeli government will provide up to 741 million thanks to Kerr's financing guarantee for Intel's plan.

The money will be used to expand the factory in the southern city of Kiryat Gat.

Intel spokesman confirmed that the company will upgrade the production technology of the plant.

As one of Israel's largest exporters, Intel built the Fab 28 chip factory two years ago, mainly manufacturing 45 nanometers.

according to

Israel

According to the official statement, the amount of financing guaranteed by the government for Intel will be determined by the number of Israeli workers employed by the company, at most 678 million thanks to Kerr.

At the same time, Intel can get an additional 63 million shekel financing guarantee by expanding its R & D scale across Israel or by investing in R & D through Israeli institutions.