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Intel, Israel discuss next fab, says report
Peter Clarke
6/29/2010 11:27 AM EDT
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, the report said. However, the Ministry of Industry, Trade and Labor is reportedly offering only between $200 million and $250 million.
Reportedly the Israeli government is offering Intel a "two-for-one" deal whereby Intel would undertake to build a second facility in northern Israel.
Intel has an R&D facility in the northern Israeli city of Haifa and also has operations in Jerusalem, Yakum and Petach Tikva.
Related links and articles:
Intel expects $3 billion in annual exports from Israeli fab
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