Intel receives $3.2B grant from Israel’s government to build $25B chip fab

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Intel Corp. has received a $3.2 billion grant from the government of Israel to build a new $25 billion chip fab in the country. The company announced the deal today. Under the terms of the agreement, Intel’s tax rate...

Intel Corp. has received a $3.2 billion grant from the government of Israel to build a new $25 billion chip fab in the country. The company announced the deal today. Under the terms of the agreement, Intel’s tax rate in Israel will increase from 5% today to 7.5%. According to Reuters, the chipmaker received an […]

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