Intel announced Friday that it will open a chip assembly and test facility in Poland with an investment of up to $4.6 billion. While waiting for the potential Italian work, which is focused on a back-end phase, to finally be announced after months of endless talks with the government, Intel is ready to restart in Israel.
There is no detailed official announcement yet, but Prime Minister Benjamin Netanyahu has stated that Intel is ready to make an offer $25 billion for a new manufacturing facility (will deal with wafers), which is the largest ever foreign investment in the country. according to rumours reported by BloombergHowever, this figure is a grand total that also includes a previous investment announced in 2021.
Deeply rooted in Israel, Intel already has several fabs in the Kiryat Gat hub and R&D centers there, i.e. a total of almost 12,000 employees. The US company is the largest private employer and exporter in the country, where it has been operating since 1974.
In addition, it should not be forgotten that Intel has acquired the Israeli company Mobileye, specializing in sensors and advanced systems for cars, for $15 billion and has initiated the acquisition of Tower Semiconductor for $5.4 billion (the process has yet to be completed). be completed).
And it is precisely in Kiryat Gat that it will be resurrected the new factory, which is scheduled to open in 2027 and expected operation until at least 2035. According to the Israeli Ministry of Finance, the Fab It will employ thousands of people. Under the terms of the agreement, Intel will pay a tax rate of 7.5% (up from the current 5%).
As noted, while the Santa Clara House has yet to issue a press release, Reuters contains a few words where the “decisive role“by Israel for its worldwide success.”Our intention to expand production capacity in Israel is based on our commitment to meet future production needs…and we appreciate the continued support of the Israeli government‘ Intel said.
The chip giant’s new commitment to Israel is part of the “crusade” launched by CEO Pat Gelsinger last year Realignment of the semiconductor supply chain, now heavily localized in Asia. In addition, Gelsinger’s goal is to turn Intel into a major chipmaker for third parties, putting it on a collision course with TSMC and Samsung.