Intel has signed an agreement with the Israeli government for a USD 3.2 billion grant to expand its semiconductor manufacturing facility in Kiryat Gat, in the south of the country, at a total investment of $25 billion. The expanded facility will be operational by 2028. The construction of clean rooms and other support buildings is already underway.

Intel will get a government grant of USD 3.2 billion, which is around 12.8% of the total investment amount. Additionally, Intel has committed to buy USD 16 billion worth of goods and services from Israeli suppliers over the next decade, which will create several jobs at the Kiryat Gat manufacturing site.

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In addition to its ongoing and planned semiconductor manufacturing investments in Europe and the United States, the expansion plan for the Kiryat Gat facility is an essential part of Intel's efforts to strengthen the resilience of its global supply chain.

Intel has invested over USD 50 billion in its operations in Israel over the last fifty years. which includes USD 10 billion for the Kiryat Gat manufacturing facility. Earlier this year, Intel backed out of the USD 5.4 billion acquisition of Tower Semiconductor due to regulatory issues with Chinese authorities.

About Kiryat Gat Semiconductor Manufacturing Facility

Intel's Kiryat Gat facility is a complex of semiconductor fabrication plants located in Kiryat Gat, Israel. It's one of Intel's most advanced and important manufacturing sites, producing microprocessors, chipsets, and other components for computers and other electronic devices.

Intel first established its presence in Kiryat Gat in 1996 with the opening of Fab 28a. This facility initially produced 200mm wafers, but was later upgraded to handle 300mm wafers, which are the industry standard today. In 2019, Intel announced plans to invest $10 billion in a new fab at Kiryat Gat, Fab 28. However, due to the COVID-19 pandemic, construction was delayed.

About Israel Semiconductor Market

Israel, despite its small size, boasts a remarkably impactful semiconductor market. It's known as the "Silicon Wadi" and holds a unique position in the global chip scene. Israel has a highly skilled workforce, with a large number of engineers and scientists specialized in semiconductors. Apart from Intel, this talent pool attracts major international players like Nvidia, and Apple to set up R&D centers, making Israel a crucial design hub.

While not a major chip manufacturer (lacking large foundries), Israel excels in chip design and engineering. Their semiconductor industry generated around USD 19.8 billion in revenue in 2020 and is projected to reach USD 41.6 billion by 2025, exhibiting robust growth.

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