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Israeli prime minister leaks Intel fab decision, says report

Posted: 27 Jul 2005 ?? ?Print Version ?Bookmark and Share

Keywords:wafer fab?

Israeli Prime Minister Ariel Sharon told his cabinet Sunday (July 24) that the world's largest chip maker, Intel Corp., has decided to build a much-discussed second wafer fab in the country, according to a MarketWatch report which cited other media as its sources.

In turn those media cited a statement issued by the office of the Prime Minister, the report said. Sharon had told a cabinet meeting that Craig Barrett, Intel's chairman, had told him the company has decided to invest about $4 billion to build another plant in Kiryat Gat in the southern part of Israel, according to the report.

The report did not discuss whether Israel had agreed to pay any extra money to attract Intel or whether Intel has accepted a past decision by the Israeli government to limit a support package to a previously agreed $400 million.

The government approved a grant for Intel of $400 million four years ago, but Intel has subsequently increased its plans for the plant and asked for $490 million, arguing that a larger plant would create an additional 1,800 jobs, according to past reports (see July 4 story).

Intel may have decided not to press for additional money as it has appeared unlikely to receive grants from within the U.S. or from Ireland, where it currently has other wafer fabs. Intel has yet to build a wafer fab further east than Israel although large incentives would be offered to attract Intel.

- Peter Clarke

EE Times

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