And they would have been granted 3.2 billion to Intelwhich is only a small part of the total they will need for their factory, but it goes a long way to confirm that this will be the case and that Israel will have an Intel semiconductor company in their country.
New Intel factory in Israel
This project would set two records, both for the company and for the country, and Intel would never have invested so much in the construction of a new factorywhich would mean some 25 billion dollarsas well as Israel’s grant, the highest in the country’s history, at around 3,200 of those millions.
This announcement could be one of the few good news that the country experiences, since it will generate thousands of jobs, which will also benefit Intel, which is trying to expand into more complicated geographic areas, thus also facilitating the distribution of his products. path.
The new factory will be named Fabulous 38and will be located in the city of Kiryat Gat, in the south of this country. Its construction has already started and should be completed by year 2028if other setbacks do not delay it.
Currently, 12,000 people already work thanks to Intel in this country, but this new factory could significantly increase this figure. And not just once it’s done, but during these 4 years of construction, directly and indirectly.
With this agreement, several countries now have this type of Intel factories. Recently we saw how Germany, despite the problems that occurred in the agreement, also closed a subsidy to have a new factory for this company in its country, being the one chosen by Intel in Europe.
This is good news for everyone, from Israel, because of the economic impact that this will have, even for Intel, which decided to do it there and got good help for it, but also for us, with a new factory for more modern products. semiconductors, which will speed up production, reduce costs and enable new designs and advancements to be made more quickly.
And you, what do you think of this new news: do you think this is not the most suitable country at the moment, or is it a good decision? The truth is that, even though we are not in Europe, this could be a good boost for our market. It must be taken into account that everything that comes from Asia by sea passes through the Suez Canal, and therefore through Israel. Therefore, shortening these times and being directly in the Mediterranean is a point in favor of our continent that could reduce transport costs and, therefore, final sales.
