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Kiryat Gat

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Kiryat Gat

12 stories about Kiryat Gat

Intel’s manufacturing dream hits reality check with global factory delays
02.03.25|CTechPostponed chip plants in the U.S. and Israel signal deeper financial and strategic concerns for the company.
"Intel can no longer afford to build a production line without knowing in advance who its customers will be"
13.06.24|Sophie ShulmanThe freeze on construction at the Kiryat Gat Intel plant is a severe blow to Israel, potentially creating ripples throughout the industry. This situation arises from internal troubles within the faltering company, which is hesitant to open a new plant without having customers, especially since subsidies abroad are much higher.
Intel halts construction of new $25 billion factory in Israel
10.06.24|Sophie ShulmanIntel's suppliers received notice of the cancellation of contracts for the supply of equipment and materials required for the establishment of the company's new factory over recent days. The Ministry of Finance was aware of the company's decision to halt the establishment of the plant.
With massive investment, Intel reaffirms confidence in Israel
27.12.23|Omer KabirThe chip giant approved the conditions for a huge investment in a new factory in Kiryat Gat and will receive an increased grant of $3.2 billion, or 12.8% of the total cost. Intel also committed to buy 60 billion shekels ($16.6 billion) worth of goods and services from Israeli suppliers over the next decade and the corporate tax it will pay will increase from 5% to 7.5%
Intel confirms additional $15 billion investment in Israeli chip plant
26.12.23|Omer Kabir and ReutersIsrael's government agreed to give Intel a $3.2 billion grant for the new plant in Kiryat Gat, with the chipmaker also committed to buying over $16 billion worth of goods and services from Israeli suppliers over the next decade
Intel says high demand has led to increased production of 10nm chips
23.12.20|Meir Orbach“We are continuing to invest into factory capacity to ensure we can keep up with the growing needs of our customers,” says manufacturing chief
Head of Intel’s Kiryat Gat plant appointed assistant GM of global chip manufacturing
06.09.20|Hagar RavetDaniel Benatar was given highest-ranking position ever awarded to an Israeli in Intel’s international manufacturing and operations organization
Intel's $11 Billion Israeli Expansion Plan Is Back on Track
29.10.19|Meir OrbachIn June, Calcalist reported that work on the $11.09 billion plan, initially intended to begin in 2019 in southern Israel, was being postponed to an undisclosed date
Clothing Printers Company Kornit Digital to Build New Ink Factory
06.03.19|Adi PickIsrael-based Kornit plans to invest $17.4 million to set up a new manufacturing facility
Intel to Recruit 150 Unskilled Workers to Southern Israeli Facility
03.12.18|Yoav StolerThe employees, without academic degrees or tech industry experience, will be recruited as part of an integration plan that includes technical training
Intel to Receive $380 Million Grant from Israel for Expanding Local Chip Manufacturing
01.05.18|Golan HazaniIn February, Intel announced a two-year, $5 billion expansion plan in the country
Intel to Expand Chip Manufacturing in Israel with $5 Billion Investment
21.02.18|Amarelle Wenkert and Meir OrbachYaniv Garty, CEO of Intel's operations in Israel, announced the two-year expansion plan at a meeting with Israeli Minister of Economy Eli Cohen on Wednesday

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