24.01.2012                      29.Tewet. 5772                       Jom Kippur Katan

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Government bending on grant for Intel

Intel clarifies to Finance Ministry that because of the global economic uncertainties, it is delaying a final decision on where to build its next assembly plant, according to ministry sources.

Jerusalem is softening its position on subsidizing Intel in Israel: to receive a government grant, the chipmaker may build either another R&D facility in the unemployment-stricken north or a full-blown assembly plant. The government had previously stipulated an assembly plant.
An Intel R&D center would employ hundreds of engineers, while an assembly plant would employ as many as 1,000 people….