Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel
The Israeli government has approved a $3.2 billion grant for Intel’s ambitious plan to construct a $25 billion chip plant in southern Israel. This marks the largest-ever investment by a company in Israel. The announcement comes amid heightened tensions in the region, with Israel engaged in a conflict with the Palestinian militant group Hamas since the 7 October 2023, attack.