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}	{"id":19512,"date":"2023-12-27T20:07:04","date_gmt":"2023-12-27T20:07:04","guid":{"rendered":"https:\/\/worthyhacks.com\/intel-moves-forward-with-25-billion-chip-plant-expansion-in-israel\/"},"modified":"2023-12-27T20:07:05","modified_gmt":"2023-12-27T20:07:05","slug":"intel-moves-forward-with-25-billion-chip-plant-expansion-in-israel","status":"publish","type":"post","link":"https:\/\/worthyhacks.com\/intel-moves-forward-with-25-billion-chip-plant-expansion-in-israel\/","title":{"rendered":"Intel Moves Forward With $25 Billion Chip Plant Expansion in Israel"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The semiconductor large Intel confirmed on Wednesday that it will make investments $25 billion to develop a chip manufacturing unit in southern Israel after a $3.2 billion grant from the federal government there, transferring forward with a significant funding in a rustic at present at warfare.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Expanded operations on the current manufacturing website in Kiryat Gat, northeast of Gaza, are set to start by 2028 and final by means of at the least 2035, and are anticipated to create 1000&#8217;s of jobs.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe enlargement plan for the Kiryat Gat website is a vital a part of Intel\u2019s efforts to foster a extra resilient world provide chain,\u201d Intel mentioned in a press release.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Israel\u2019s prime minister, Benjamin Netanyahu, introduced a preliminary model of the deal throughout a cupboard assembly in June, calling the Intel funding the most important ever in Israel.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThat is an expression of nice confidence within the Israeli financial system and precisely displays the energy of the free financial system that we&#8217;ve constructed right here, and the technological financial system that we&#8217;re growing right here,\u201d Mr. Netanyahu <a class=\"css-yywogo\" href=\"https:\/\/www.gov.il\/en\/Departments\/news\/spoke-start180623\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">said<\/a> on the time.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Intel, which at present employs 11,700 folks in Israel, is the nation\u2019s largest personal employer. During the last 50 years, it has constructed 4 improvement facilities in Israel and invested greater than $50 billion within the nation, based on the <a class=\"css-yywogo\" href=\"https:\/\/www.intel.com\/content\/www\/us\/en\/corporate-responsibility\/intel-in-israel.html\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">company<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The funding is the most recent signal that chipmakers are in search of to diversify their manufacturing globally amid a chip arms race. In August, Intel and Tower Semiconductor, an Israeli chip producer, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2023\/08\/16\/business\/intel-tower-semiconductor-china.html\" title=\"\">terminated<\/a> a deliberate merger after China\u2019s antitrust regulators didn&#8217;t rule on the transaction.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2023\/12\/27\/world\/middleeast\/intel-israel-factory-expansion.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The semiconductor large Intel confirmed on Wednesday that it will make investments $25 billion to develop a chip manufacturing unit in southern Israel after a $3.2 billion grant from the federal government there, transferring forward with a significant funding in a rustic at present at warfare. Expanded operations on the current manufacturing website in Kiryat [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19512","post","type-post","status-publish","format-standard","hentry","category-world-news"],"_links":{"self":[{"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/posts\/19512"}],"collection":[{"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/comments?post=19512"}],"version-history":[{"count":1,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/posts\/19512\/revisions"}],"predecessor-version":[{"id":19513,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/posts\/19512\/revisions\/19513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/media\/19514"}],"wp:attachment":[{"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/media?parent=19512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/categories?post=19512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worthyhacks.com\/wp-json\/wp\/v2\/tags?post=19512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}