Technology manufacturer Intel is investing $25 billion into a new chip factory in Israel, the company announced Tuesday.
Israeli Prime Minister Benjamin Netanyahu characterized the move as “the largest investment ever by an international company in Israel.”
“This investment promises to foster high-quality employment opportunities with elevated productivity in remote areas and will significantly contribute to the growth of the Israeli economy,” said Netanyahu.
Intel currently hosts 11,700 employees in Israel and has invested more than $50 billion in the country over the past half-century.
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