2023-12-26 16:43:40
Published on Dec 26 2023 at 5:17 p.m.Updated Dec 26 2023 at 5:43 p.m.
US electronics giant Intel has confirmed it will set up a $25 billion mega chip production facility in Israel following securing $3.2 billion in support from the Israeli administration. country, a little more than initially planned. Good news for the resilient but shaken Israeli economy.
When the Israeli government announced the project last June, Prime Minister Benjamin Netanyahu welcomed the “largest investment by an international company ever made in Israel”. The operation once morest Hamas following the October 7 attacks did not derail the project, even if the Kiryat Gat site (south of Tel Aviv) in question is only 42 kilometers from the Gaza Strip.
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