Intel to build $25 billion factory in largest foreign investment in Israel - Netanyahu

📆 18/06/2023 01:53 م
📰 ChannelNewsAsia

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JERUSALEM : Intel Corp will build a new factory in Israel worth $25 billion, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country. The factory in Kiryat Gat is due to open in 2027 and will employ thousands of people, Israel's Finance Ministr

JERUSALEM : Intel Corp will build a new factory in Israel worth $25 billion, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country.

The factory in Kiryat Gat is due to open in 2027 and will employ thousands of people, Israel's Finance Ministry said, adding that under the deal Intel will pay up a 7.5 per cent tax rate, up from the current 5 per cent.

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