Intel to Halt Plans for a $25 Billion Factory in Israel
Chipmaker Intel Corp is halting plans for a $25-billion factory in Israel, according to Israeli financial news website ‘Calcalist.’
“Israel continues to be one of our key global manufacturing and R&D sites and we remain fully committed to the region,” Intel said in a statement.
In December 2023, the Israeli regime gave Intel a $3.2-billion grant to build the $25-billion chip plant in southern “Israel.”
It remains unconfirmed how long the project will be kept on pause.
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