Tuesday, December 26th 2023

Intel's Largest Ever Chip Fab Investment will be a $25 Billion Facility in Israel

by
AleksandarK
 Discuss (65 Comments)
Intel has secured a $3.2 billion grant from the Israeli government for constructing a new $25 billion chip fabrication facility in southern Israel. This represents the company's largest-ever investment in a manufacturing facility. Intel's expansion aims to strengthen global semiconductor supply chains and reduce reliance on singular geographies like Taiwan. The new Fab 38 plant will be built alongside Intel's existing Fab 28 facility in Kiryat Gat. Construction has already begun, with operations slated to start in 2028 and serve until 2035. Intel expects to create thousands of local jobs as well. The company will receive a reduced 7.5% corporate tax rate and has committed to $16.6 billion in local procurement. The grant comes amid Israel's ongoing conflict with Palestinian militant group Hamas.

However, Intel's decades-long presence and investments in the country showcase economic priorities persevering. Its key processor technology was and is being designed in Israel labs. The Kiryat Gat expansion aligns with Intel CEO Pat Gelsinger's strategy of manufacturing diversification through mega-investments across the US, Europe, and Israel. It follows the company's record $20 billion fab project in Ohio. With significant government subsidies at each site, Intel aims to restore market dominance against rivals like AMD and Nvidia through scale of manufacturing. The new Israeli fab will complement Intel's lineup of leading-edge technologies and help maintain Israel's reputation as a global semiconductor hub.
Source: Reuters

Related News

Add your own comment

65 Comments on Intel's Largest Ever Chip Fab Investment will be a $25 Billion Facility in Israel

#51
Denver
kondaminFor a company that is failing real hard according to some, they sure do manage to find loads of money for investment in fabs.

tens of billions in Europe, in the us in Israel.
A company the size of Intel can incur billions of dollars in debt and sustain it for an extended period, not to mention the billions in subsidies from these countries.

One aspect overlooked by those criticizing the investment as foolish is that Intel and other companies already have research centers there. Additionally, these factories require human capital that is not easily accessible elsewhere.
Posted on Reply
#52
mechtech
"The company will receive a reduced 7.5% corporate tax rate"

Bigger bonus for CEO

Murican capitalism hard at work ;)

Or would that be venture capitalism or execs capitalism??
JismIsrael has one of the most clever people in tech you can imagine. Cannot say that of those stuck in the middle ages still.
Yes, yes they do
en.wikipedia.org/wiki/Pegasus_(spyware)
Posted on Reply
#54
trparky
RandallFlaggIntel is in position now to leapfrog TSMC at the 2nm node. Specifically, they should have 20A in 2024 with Arrow Lake, which will have backside power delivery from the get go.
I'll believe it when I see it.
Posted on Reply
#55
Lionheart
Need more efficiency cores so Mossad can monitor you more..... Efficiently. :pimp:
Posted on Reply
#56
remixedcat
why they goafter israel when they could go for wv where they would pay even less taxes and create more jobs and help americans out. my state also has way cheaper land and utils and costs than israel does israel is expensive af.
Posted on Reply
#57
_larry
This sounds like a terrible investment at the moment... or it's just a huge money laundering scheme to fuel the war.

Either way, I don't see how anyone wins here.
Posted on Reply
#58
dj-electric
RandallFlaggPentium M came out Israel. Intel was trying to push P4 Netburst. Pentium M was relegated to laptops at the time. Later, when Netburst / P4 failed, Pentium M morphed and the Israel team stepped up.

Merom (core/core-2), Sandy Bridge, Ivy Bridge - all products of Intel Israel.

So in a very real sense, Intel's Israel branch saved Intel at least once, maybe twice.
I can give more examples actually. Moving Skylake and reusing it in order to buy more time for the next architecture by launching Coffee Lake is one of them. 8th and 9th gen development was born from the 7nm (then) yield crisis
Posted on Reply
#59
Totally
RayzCan smell the hate in that comment of yours from miles away.
Not really, when people have a penchant to get political it isn't wrong to have qualms about dealing with them. Just look at your comment as a prime example, the slightest bit of criticism and "CaN sMeLl tHe hAte..."
Posted on Reply
#60
Dirt Chip
remixedcatwhy they goafter israel when they could go for wv where they would pay even less taxes and create more jobs and help americans out. my state also has way cheaper land and utils and costs than israel does israel is expensive af.
$$$ isn't the only thing, infrastructure and human resources as well as past successful experience of in-country-development has a big impact.
Israel prove to deliver in the past, just look at the recent 12-14th gen RnD that was done in there.

Notwithstanding, many other countries have the same merit as well. Israel is just another brick in the chip wall.
Posted on Reply
#61
maxfly
It's Intels billions, why all the concern for where they're building this fab? Seriously, I thought Intel was the biiiig bad tech boogie man after all.

Personally, I hope they have some of that Iron Dome action goin on to protect all of their employees #1.
Posted on Reply
#62
billEST
RandallFlaggPretty sure he was referring to this.

Ashkenazi Jews in particular, 1/3 of them are considered gifted as far as IQ. Albert Einstein was an Ashkenazi Jew :




human-intelligence.org/iq-and-religion/
its for american .. perhaps only the most clever and intelligent go in america .. and the less intelligent stay in the original country :p

america its not the world ..
Posted on Reply
#63
TheHughMan
One word from the title of this article completely changed the conversation.
Posted on Reply
#64
Craptacular
RayzAnd always been a war zone, unfortunately. but that didn't stop those fabs from making the "greatest hits" of Intel.
And? That doesn't mean it is a wise choice to invest the most advanced and difficult manufacturing facilities in a war zone that is heating up. Plus today we are more dependent than ever before on chips than say 30 years ago, you have new weapons that these groups can use, drones were not a thing most terrorist and militant groups could wield.
Posted on Reply
#65
Dirt Chip
CraptacularAnd? That doesn't mean it is a wise choice to invest the most advanced and difficult manufacturing facilities in a war zone that is heating up. Plus today we are more dependent than ever before on chips than say 30 years ago, you have new weapons that these groups can use, drones were not a thing most terrorist and militant groups could wield.
WW3 is at our door step. No place is safe.
The only saving grace is Mars.
hoo Elon, please save us from ourselves :respect:
Posted on Reply
Add your own comment
Jun 12th, 2024 10:46 EDT change timezone

Latest GPU Drivers

New Forum Posts

Popular Reviews

Controversial News Posts