Technology

Intel will invest $ 5 billion in its Israeli plant

 

Intel is set to give a significant boost to its Israeli manufacturing plants, according to a statement released Tuesday by the company. Also a Reuters report says the chip maker from the US will invest $ 5 billion. The money will be channeled primarily to upgrading production facilities in Kiryat Gat in southern Israel, with some funds going to some other minor things.

According to the country’s Ministry of Finance, by 2020, 18 billion ILS ($ 5 billion) will be invested in the plant. Some senior officials have pointed out that this investment is expected to pave the way for a future technological upgrading to Israeli space.

Israel is an important part of Intel’s businesses, since roughly $ 3.6 billion worth of goods and services were exported from the country in the past year. This represents 8% of Israel’s total high-tech exports, according to Reuters.

Of course, we must not ignore the fact that Israel is considered a pioneer in many technologies, including the construction of weapons and systems.

Of course, we must not ignore the fact that Israel is considered a pioneer in many technologies, including the construction of weapons and systems of war, as several countries (mainly European) have, of course, embargoed them and do not sell arms, and as it turned out only de facto good to do, since she is now self-reliant and does not depend on anyone, pushing her feet completely.