Israel agrees to give Intel a $3.2B grant for a $25B chip plant that the company plans to build in Kiryat Gat, set to open in 2028 and operate through 2035 (Steven Scheer/Reuters) 26-12-2023

Steven Scheer / Reuters:
Israel agrees to give Intel a $3.2B grant for a $25B chip plant that the company plans to build in Kiryat Gat, set to open in 2028 and operate through 2035 — Israel’s government agreed to give Intel Corp (INTC.O) a $3.2 billion grant for new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday.