Netanyahu announces record-breaking $25 billion Intel investment in Israel factory.

1 min read
Source: Reuters
Netanyahu announces record-breaking $25 billion Intel investment in Israel factory.
Photo: Reuters
TL;DR Summary

Intel will invest $25 billion in a new factory in Kiryat Gat, Israel, which is set to open in 2027 and employ thousands of people. The deal is the largest-ever international investment in Israel and Intel's Israel operations have played a crucial role in the company's global success. The factory will operate through 2035 at least and Intel will pay a 7.5% tax rate, up from the current 5%.

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