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Debate clouds Intel Israel fab expansion

Posted: 16 Nov 2010 ?? ?Print Version ?Bookmark and Share

Keywords:fab? 300mm? semiconductor? factory?

A report in theJerusalem Post. discusses the dispute over the funding of Intel Corp.'s fab in Kiryat Gat, Israel.

Intel wants to locate a second wafer fab in Israel and is asking the government for $400 million subsidy out of an expected $2.7 billion cost for the building and equipment of the planned second fab in the southern Israel location. But the Israel Ministry of Industry, Trade and Labor is said to be offering only $200 to $250 million.

Now, there is still a dispute. ''The recent government decision, in principle, to give Intel 741 million shekels ($205 million) to subsidize the expansion of its new Fab 28 semiconductor factory in Kiryat Gat is a perfect example. The decision still needs final approval by the Finance Ministry, Knesset committees and by Intel Corp. Fierce debate rages,'' according to the report.

- Mark LaPedus
EE Times

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