SAN JOSE, Calif. – There is still a dispute over the funding of Intel Corp.’s fab in Israel, according to a report. That can be seen here.
As reported, Intel wants to locate a wafer fab in Kiryat Gat, Israel. Intel is asking for $400 million out of an expected $2.7 billion cost of building and equipping its second fab in the southern Israel location. However, the Ministry of Industry, Trade and Labor is reportedly offering only between $200 million and $250 million.
Now, there is still a dispute. ''The recent government decision, in principle, to give Intel 741 million shekels ($205 m.) to subsidize the expansion of its new Fab 28 semiconductor factory in Kiryat Gat is a perfect example. The decision still needs final approval by the Finance Ministry, Knesset committees and by Intel corporation. Fierce debate rages,'' according to the Jerusalem Post.
The 300-mm fab was announced several years ago.