News Article
Intel plans expansion of Kiryat Gat manufacturing facility
Israel's Economy Minister Eli Cohen has announced that Intel is planning a $5 billion expansion of its cutting-edge manufacturing facility in Kiryat Gat, The Times of Israel has reported.
The Kiryat Gat plant currently features tools and manufacturing facilities that allow only 22 nm chips to be produced. Intel's investment would bring this plant's capabilities to 10 nm manufacturing levels.
Intel plans to apply for both tax breaks and grants from the government in accordance with the Encouragement of Capital Investments Law.
It is expected that Intel could receive significant incentives from the Government of Israel for its latest expansion.
