https://www.americanthinker.com/blog/2023/06/intel_bets_25_billion_on_israel.html
Bibi Netanyahu have been beaming when he announced to his cabinet via television that Israel is to receive its biggest foreign investment yet: a $25 billion commitment from Intel to build a new chip making factory and other facilities in Israel. it is a great sign of confidence that Israel will continue to exist, and it keeps Israel are the forefront of an important area of technology, where it is a global power despite its tiny size.
But in understading the scale of the investment, keep in mind that early last year:
Intel today announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio. The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products
So, Intel probably is getting two factories or fabs as they are called. Plus roughly 5 billion dollars more, some for inflation and some for other uses, most likely R&D. This is far from Intel’s first investment in Israel.
During its almost five decades of operations in Israel, Intel has grown to become the country’s largest privately held employer and exporter and a leader of the local electronics and information industry, according to the company’s website.
Specifically,
Since entering Israel in 1974, Intel has invested more than $17 billion in Israel and employs 11,700 employees at its three R&D centers — in Haifa, Petah Tikva and Jerusalem — as well as at its manufacturing plant in Kiryat Gat. Intel says it is currently responsible for creating indirect employments positions for approximately 42,000 workers in Israel.