{"id":179216,"date":"2023-12-26T15:47:56","date_gmt":"2023-12-26T21:47:56","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/12\/israel-grants-intel-3-2-billion-for-new-25-billion-chip-plant"},"modified":"2023-12-26T15:47:56","modified_gmt":"2023-12-26T21:47:56","slug":"israel-grants-intel-3-2-billion-for-new-25-billion-chip-plant","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/12\/israel-grants-intel-3-2-billion-for-new-25-billion-chip-plant","title":{"rendered":"Israel grants Intel $3.2 billion for new $25 billion chip plant"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/israel-grants-intel-3-2-billion-for-new-25-billion-chip-plant2.jpg\"><\/a><\/p>\n<p>JERUSALEM, Dec 26 (Reuters) \u2014 Israel\u2019s government agreed to give Intel <a data-testid=\"Link\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/companies\/INTC.O\" referrerPolicy=\"no-referrer-when-downgrade\" class=\"\">(INTC.O)<\/a> a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday, in what is the largest investment ever by a company in Israel.<\/p>\n<p>The news comes as Israel remains locked in a war with Palestinian militant group Hamas in the wake of the Oct. 7 Hamas attack on Israel. It also is a big show of support by a major U.S. company and a generous offer by Israel\u2019s government at a time when Washington has increased pressure on Israel to take further steps to minimise civilian harm in Gaza.<\/p>\n<p>Shares of Intel, which has a bit less than 10% of its global workforce in Israel, opened up 2.73% at $49.28 on Nasdaq.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JERUSALEM, Dec 26 (Reuters) \u2014 Israel\u2019s government agreed to give Intel (INTC.O) a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday, in what is the largest investment ever by a company in Israel. The news comes as Israel remains locked in [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1523,1490],"tags":[],"class_list":["post-179216","post","type-post","status-publish","format-standard","hentry","category-computing","category-government"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/179216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=179216"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/179216\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=179216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=179216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=179216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}