Intel to invest $25B in Israel factory in record deal Netanyahu says

JERUSALEM -U.S. chipmakerIntelCorp will spend $25billionon a newfactoryinIsrael, Prime Minister BenjaminNetanyahusaid on Sunday, calling it the largest-ever internationalinvestment in the country. Thefactoryin Kiryat Gat is due to open in 2027, to operate through 2035 at least and to employ thousands of people,Israel's Finance Ministry said. Under thedealIntelwill pay a 7.5-percent tax rate, up from the current 5 percent, the ministry added. During its almost five decades of operations inIsrael,Intelhas grown to become the country's largest privately held employer and exporter and a leader of the local electronics and information industry, according to the company's website. In ...

Keep on reading: Intel to invest $25B in Israel factory in record deal, Netanyahu says

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