Israeli government approves $3.2 billion in subsidies to help Intel expand its chip factory

Recently, the Israeli government announced that it will provide a subsidy of 3.2 billion US dollars to support Intel's construction of a new chip factory in southern Israel. Intel has confirmed that it will invest 15 billion US dollars in Kiryat Gat, Israel, to build a new chip factory, bringing the total investment to 25 billion US dollars. This is Intel's largest investment in Israel.