The Israeli government has approved a whopping $3.2 billion in funding to support the expansion of Intel’s chip manufacturing facility. This project has a total investment value of $25 billion, with the remaining funds being contributed by Intel itself.
Intel’s Fab 28 facility, located in Kiryat Gat since 2008, is regarded as one of the most advanced and cutting-edge chip manufacturing plants, utilizing Intel 7 or 10-nanometer processes. The expansion of Fab 38 is scheduled to begin production in 2028 and must be operational until at least 2035, as per the conditions set by the Israeli government’s funding.
Israel has long been a crucial base for Intel, with a total workforce of 11,700 involved in chip design and manufacturing. Many key Intel chips, such as Core and Centrino, were designed by Israeli teams. Additionally, Intel’s subsidiary company, Mobileye, also develops chips for automobiles and proudly represents the Israeli nation.
TLDR: The Israeli government has granted a substantial amount of money to support Intel’s expansion of their chip manufacturing facility. This multi-billion dollar project highlights Israel’s importance to Intel, known for its advanced chip designs. The expansion is set to commence production in 2028 and must operate until 2035, according to the Israeli government’s funding requirements.
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