Chipmaker Intel is Halting a $25 billion factory in Israel

The $25 billion facility that Intel Corp had planned in Israel is on hold, according to a story published on Monday by the Israeli financial news website Calcalist. The chipmaker did not confirm or refute the report.

When questioned about the report, the American corporation noted that large projects must be adjusted to fit shifting deadlines, but they did not mention the project specifically.


"Israel continues to be one of our key global manufacturing and R&D sites and we remain fully committed to the region," Intel stated.


"Managing large-scale projects, particularly in our sector, frequently entails making adjustments for shifting deadlines. We base our judgments on market trends, company conditions, and prudent capital management," the statement read.

December saw the Israeli government approve a $3.2-billion grant to Intel for the construction of the $25-billion chip factory in southern Israel.


Along with the company's investments in Europe and the US, Intel has previously stated that the factory proposed for its Kiryat Gat site, which already has an existing chip plant, was an "important part of Intel's efforts to foster a more resilient global supply chain."


Intel has four development and production facilities in Israel, including Fab 28, a manufacturing facility located near Kiryat Gat. The plant makes 10-nanometer chips or Intel 7 technology.


It was intended for the Fab 38 plant to begin operations in 2028 and run until 2035.

In Israel, Intel has over 12,000 employees.


Category and Tags
More stories by
Elon Musk suggests naming a city on Mars Terminus

Photo:BusinessHabitElon Musk, the owner of SpaceX, Tesla, and the small blog writing site X (formerly Twitter), wants to establish a human settlement on Mars in the next few years. H...

China is building supercomputers in space with AI satellites

China is building its first supercomputer network in space using AI-powered satellites. The country has already launched 12 AI-powered satellites to build a network of supercomputers in space. The supercomputers will be operated by the country's stat

Baidu is introducing new technology, AI will extract money from pet sounds

The beloved dog is suddenly barking. Many people try to understand why it is barking. However, the long-standing curiosity of understanding the mind of animals through sounds can now become a reality with the help of...

Do you know what percentage of Microsoft's code is written with AI?

A significant portion of Microsoft's code is now being written using artificial intelligence (AI), said Satya Nadella, the company's chief executive officer (CEO). At the recent 'LamaCon' AI developer conference held in Menlo Park, California, USA, S

Bangladesh's economy rises to the 2nd largest in South Asia and the 9th largest in Asia.

With a GDP of USD 450.05 billion in 2024, Bangladesh's economy has grown to become the second largest in South Asia and the ninth largest in Asia, according to the Asian Development Bank's Basic Statistics 2025 series. With statistics from 46 econom

Follow Business Habit on Facebook, Twitter