Intel said Tuesday it is expanding its operations in Israel, where government ministers said the US computer chipmaker will invest some 10 billion dollars in a new plant.
"Intel today announced it will submit a business plan to the government of Israel for continued investment in the company's Kiryat Gat manufacturing site," a statement from Intel's Israeli representatives said.
Finance Minister Moshe Kahlon said late Monday he was informed by Intel of their decision "to invest another 40 billion shekels, an unprecedented decision expected to bring thousands of jobs to the south."
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