JERUSALEM: US chipmaker Intel Corp will spend US$25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday , calling it the largest-ever international investment in the country.
During its almost five decades of operations in Israel, Intel has grown to become the country's largest privately held employer and exporter and a leader of the local electronics and information industry, according to the company's website. Announcing the deal in televised remarks to his cabinet, Netanyahu called it"a tremendous achievement for the Israeli economy - 90 billion shekels - the largest investment ever by an international company in Israel".
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Intel to invest $25 billion in Israel factory in record deal, Netanyahu saysJERUSALEM :U.S. chipmaker Intel Corp will spend $25 billion on a new factory in Israel, 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, to operate through 2035 at least and to employ thousa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Intel to build $25 billion factory in largest foreign investment in Israel - NetanyahuJERUSALEM : 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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Germany in intensive talks with Intel on chip plant - econ ministryBERLIN : Germany is in intensive talks with Intel on plans to set up a new chip-making complex on its soil, the economy ministry said on Friday, without commenting on how much state funding the company was set to receive for the project.'The goal of the government is clear: We want to strengthen Germany a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Israel could accept US-Iran nuclear 'understanding', says senior lawmakerOfficials say Israel’s main ally, Washington, is holding talks with Iran to sketch out steps for a deal. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Intel to invest $25 billion in Israel factory in record deal, Netanyahu saysJERUSALEM :U.S. chipmaker Intel Corp will spend $25 billion on a new factory in Israel, 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, to operate through 2035 at least and to employ thousa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Intel to build $25 billion factory in largest foreign investment in Israel - NetanyahuJERUSALEM : 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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »