Explore why Intel Israel Expansion Halt affects its semiconductor project in Kiryat Gat, reflecting on business decisions amidst r...
Intel is halting the expansion of a major factory project in Israel, which was going to pump an extra $15 billion towards a chip plant.
Solicited by AFP, Intel on Monday gave no reason for the pause for the next phase and made no link to the ongoing conflict with Hamas in Gaza. It added that"managing large-scale projects, especially in our industry, often involves adapting to changing timelines."Israel is Intel's third-largest country of operation by asset size, according to its annual report, after the United States and Ireland.
During the 2010s, Intel became the leading employer in Israel's thriving tech sector, according to the company's website.
Semiconductor Investments In Israel Intel Israel Factory Expansion
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