Intel to Receive $3.2 Billion Government Grant to Set Up $25 Billion Israel Chip Plant

Intel to Receive $3.2 Billion Government Grant to Set Up $25 Billion Israel Chip Plant

ByNews Polite

Israel’s government agreed to give Intel a $3.2 billion (roughly Rs. 26,600 crore) grant for new $25 billion (roughly Rs. 2,91,100 crore) chip plant it plans to build in southern Israel, both sides said on Tuesday. The news comes as Israel remains locked in a war with Palestinian militant group Hamas in…