Beating both Ireland or Singapore in the bid to host new Intel plant, Israel dedicates 90 acres for new plant in Kiryat Gat, creating 1,000 new jobs for the US technology company’s $10-billion investment.
– Israel’s Finance Minister Moshe Kahlon, “This is the largest investment ever made in the State of Israel.”
By Gad Lior
The US technology company Intel Corporation has announced it is making a $10-billion investment in a new plant in Israel, that will create around 1,000 jobs over the next few years.
Intel Vice President Daniel Benatar and Intel Israel CEO Yaniv Garty informed Finance Minister Moshe Kahlon and Economic Minister Eli Cohen on Monday that the company’s management decided to make the huge investment in Israel instead of in Ireland or Singapore, which competed against Israel for the establishment of the new plant. Continue Reading »
PM Netanyahu went to Kiryat Gat to visit Israel’s new Intel production line that created 1,000 new jobs. “This is where the vision of the future comes true in the present,” Netanyahu said.
By Gadi Golan
Prime Minister Benjamin Netanyahu on Monday inaugurated the new Intel production line in Kiryat Gat, in southern Israel, where the American technology giant maintains a semiconductor fabrication plant.
The new, $6 billion production line, was set up with a $300 million government grant, creating 1,000 new jobs.
Prime Minister Benjamin Netanyahu at the new Intel production line in Kiryat Gat, Monday – Photo: Kobi Gideon, Israel’s GPO
“The national revolution is to eliminate the [notion of a] periphery called Kiryat Gat, Beersheba, Afula and Yokneam,” Netanyahu said during his tour of the facility. Continue Reading »
Israeli Ministers welcome Intel’s plan to upgrade its Kiryat Gat plant, which involves a reciprocal investment in the Israeli economy.
By Yishai Karov
Major hi-tech and computing company Intel is investing 5-6 billion dollars to upgrade its plant in Kiryat Gat, the company announced Wednesday.
The investment plan includes a deal between the company and the state, by which Intel will receive a 750 million shekel ($216,706,500) construction grant from the government in return for its commitment to invest 5% of the investment money into the Israeli economy.
Prime Minister Benjamin Netanyahu welcomed the investment plan Wednesday night.
“This investment plan is the result of the process we’ve been working on for several years,” the Prime Minister stated. Continue Reading »