Intel to invest $25 billion in Israel enterprise – PM ...News

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Intel to invest $25 billion in Israel enterprise – PM
source : Russia Today ( News ) () 54
US tech giant is reportedly the country’s largest private employer and exporter US chipmaking multinational Intel will pump $25 billion into a new factory in Israel, according to the country’s Prime Minister Benjamin Netanyahu, who said that the undertaking marks the country’s largest-ever international investment. The new production line in the Israeli city of Kiryat Gat is expected to open in 2027, to operate at least through 2035 and to provide jobs for thousands of people, the Finance Ministry said, adding that, under the deal, Intel will pay a 7.5% tax rate, up from the current 5%. According to Intel, the com

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