Intel Corporation (NASDAQ:INTC) will invest around $6 billion in upgrading its Israeli production plant, according to Israeli Economy Minister Naftali Bennett. Around 20 billion shekels will be invested in Israel, which is one of the biggest investments in the country’s history, and the plant will be the most advanced in the world, according to the minister. There was no public confirmation by Intel.
“Intel chose to set up its most advanced production line in Israel in the face of tough competition,” Bennett told public radio, adding, “It’s an investment of billions of shekels… in Israeli hi-tech.”
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