#[1]alternate [2]Skip to main content Search ______________________________ Sort by [Date Desc] Search * [3]Home * [4]Arab Gates + [5]Back + Arab Gates + [6]Algeria + [7]Bahrain + [8]Djibouti + [9]Egypt + [10]Iraq + [11]Jordan + [12]Kuwait + [13]Lebanon + [14]Libya + [15]Mauritania + [16]Morocco + [17]Oman + [18]Palestine + [19]Qatar + [20]Saudi + [21]Somalia + [22]Sudan + [23]Syria + [24]Tunisia + [25]UAE + [26]Yemen * [27]MENA + [28]Back + MENA + [29]African Horn + [30]Iran + [31]Israel + [32]Sahel + [33]Turkey * [34]Opinion * [35]Business * [36]Features * [37]Contact Us * [38] * [39] [40]Home Home [41] (BUTTON) [42]E[43]ع[44][45][46][47] Intel to invest $25 billion in new factory in Israel Israel's Finance Ministry says the factory in Kiryat Gat is due to open in 2027, to operate through 2035 at least and to employ thousands of people. Monday 19/06/2023 Intel said its Israel operations had played a crucial role in the company's global success Intel said its Israel operations had played a crucial role in the company's global success JERUSALEM - US 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 thousands of people, Israel's Finance Ministry said. Under the deal Intel will pay a 7.5% tax rate, up from the current 5%, the ministry added. 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. In 2017, Intel bought Israel-based Mobileye Global Inc , which develops and deploys advanced driver-assistance systems, for $15 billion. Intel took Mobileye public last year. Announcing the deal in televised remarks to his cabinet, Netanyahu called it "a tremendous achievement for the Israeli economy - 90 billion shekels ($25 billion) - the largest investment ever by an international company in Israel". In a statement, Intel said its Israel operations had "played a crucial role" in the company's global success. "Our intention to expand manufacturing capacity in Israel is driven by our commitment to meeting future manufacturing needs ... and we appreciate the continued support of the Israeli government," it said. مقالات ذات صلة Related Articles [48]Turkey's Vice President Cevdet Yilmaz [49]Turkey to continue steps in line with free market principles Thursday 15/06/2023 [50]The Old Cataract hotel [51]Qatar in talks with Egypt's wealth fund over hotels investment Wednesday 14/06/2023 [52]Sonatrach headquarters [53]Sonatrach subsidiary signs deal with British-Chinese consortium for petrochemical complex Monday 12/06/2023 MB: En: SideMenu * [54]Home * [55]Arab Gates + [56]Back + Arab Gates + [57]Algeria + [58]Bahrain + [59]Djibouti + [60]Egypt + [61]Iraq + [62]Jordan + [63]Kuwait + [64]Lebanon + [65]Libya + [66]Mauritania + [67]Morocco + [68]Oman + [69]Palestine + [70]Qatar + [71]Saudi + [72]Somalia + [73]Sudan + [74]Syria + [75]Tunisia + [76]UAE + [77]Yemen * [78]MENA + [79]Back + MENA + [80]African Horn + [81]Iran + [82]Israel + [83]Sahel + [84]Turkey * [85]Opinion * [86]Business * [87]Features * [88]Contact Us Intel said its Israel operations had played a crucial role in the company's global success Intel said its Israel operations had played a crucial role in the company's global success     * [89] * [90] © 2000-2021 Middle East Online. 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