{"id":3868,"date":"2023-06-19T11:45:19","date_gmt":"2023-06-19T16:45:19","guid":{"rendered":"https:\/\/nakedpolitics.net\/?p=3868"},"modified":"2023-06-19T11:45:20","modified_gmt":"2023-06-19T16:45:20","slug":"intel-to-invest-25-billion-in-israel-factory-in-record-deal-netanyahu-says","status":"publish","type":"post","link":"https:\/\/nakedpolitics.net\/?p=3868","title":{"rendered":"Intel to Invest $25 billion in Israel Factory in Record Deal, Netanyahu Says"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20764%20382'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-83.png\" alt=\"\" class=\"zeen-lazy-load-base zeen-lazy-load wp-image-3869\" width=\"764\" height=\"382\"\/><noscript><img decoding=\"async\" src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-83.png\" alt=\"\" class=\"wp-image-3869\" width=\"764\" height=\"382\" srcset=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-83.png 720w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-83-300x150.png 300w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-83-585x293.png 585w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-83-293x147.png 293w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-83-390x195.png 390w\" sizes=\"(max-width: 764px) 100vw, 764px\" \/><\/noscript><figcaption class=\"wp-element-caption\">FILE PHOTO: A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS\/Dado Ruvic\/Illustration\/File Photo<\/figcaption><\/figure>\n<\/div>\n\n\n<p>US chipmaker&nbsp;Intel&nbsp;Corp will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international&nbsp;investment in the country.<\/p>\n\n\n\n<p>The factory in Kiryat Gat is due to open in 2027, to operate through 2035 at least and to employ thousands of people, Israel\u2019s Finance Ministry said. Under the deal\u00a0Intel\u00a0will pay a 7.5% tax rate, up from the current 5%, the ministry added.<\/p>\n\n\n\n<p>During its almost five decades of operations in Israel,&nbsp;Intel&nbsp;has grown to become the country\u2019s largest privately held employer and exporter and a leader of the local electronics and information industry, according to the company\u2019s website.<\/p>\n\n\n\n<p>In 2017,\u00a0Intel\u00a0bought Israel-based Mobileye Global Inc, which develops and deploys advanced driver-assistance systems, for $15 billion.\u00a0Intel\u00a0took Mobileye public last year.<\/p>\n\n\n\n<p>Announcing the deal in televised remarks to his cabinet, Netanyahu called it \u201ca tremendous achievement for the Israeli economy \u2013 90 billion shekels ($25 billion) \u2013 the largest&nbsp;investment ever by an international company in Israel\u201d.<\/p>\n\n\n\n<p>In a statement,&nbsp;Intel&nbsp;said its Israel operations had \u201cplayed a crucial role\u201d in the company\u2019s global success.<\/p>\n\n\n\n<p>\u201cOur intention to expand manufacturing capacity in Israel is driven by our commitment to meeting future manufacturing needs \u2026 and we appreciate the continued support of the Israeli government,\u201d it said.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Original Article: <a href=\"https:\/\/www.algemeiner.com\/2023\/06\/18\/intel-to-invest-25-billion-in-israel-factory-in-record-deal-netanyahu-says\/\">https:\/\/www.algemeiner.com\/2023\/06\/18\/intel-to-invest-25-billion-in-israel-factory-in-record-deal-netanyahu-says\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US chipmaker&nbsp;Intel&nbsp;Corp will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international&nbsp;investment in the country. The factory in Kiryat Gat is due to open in 2027, to operate through 2035 at least and to employ thousands of people, Israel\u2019s Finance Ministry said. Under the deal\u00a0Intel\u00a0will pay a 7.5% tax rate, up from the current 5%, the ministry added. During its almost five decades of operations in Israel,&nbsp;Intel&nbsp;has grown [&hellip;]<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-3868","post","type-post","status-publish","format-standard","hentry","category-politics"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/3868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3868"}],"version-history":[{"count":1,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/3868\/revisions"}],"predecessor-version":[{"id":3870,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/3868\/revisions\/3870"}],"wp:attachment":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}