Intel Will Invest $2 Billion 750 Million In Israel In The Next 8 Years.

Beijing time October 4th evening news. Israel The government said on Monday that the chip manufacturing giant Intel -T, Inc. (INTC) will invest 10 billion Israeli Xie Kerr ($2 billion 750 million) in Israel between 2011 and 2018 to upgrade its chip manufacturing plant.

In a statement Monday, Israel's minister of finance, industry and trade pointed out that the Israeli government will provide up to 741 million thanks to Kerr's financing guarantee for Intel's plan. The money will be used to expand the factory in the southern city of Kiryat Gat. Intel spokesman confirmed that the company will upgrade the production technology of the plant. As one of Israel's largest exporters, Intel built the Fab 28 chip factory two years ago, mainly manufacturing 45 nanometers.

According to Israeli official statement, the government provided financing guarantee for Intel. Amount of money It will be determined by the number of Israeli workers employed by the company at most 678 million thanks to Kerr. At the same time, Intel can get an additional 63 million shekel financing guarantee by expanding its R & D scale across Israel or by investing in R & D through Israeli institutions.