10nm will be offshore in Israel....
Israel wins Intel's 10nm fab contest – unless it hasn't | ZDNet
Summary: An announcement by Intel that it was spending $6bn to upgrade its Kiryat Gat plant was greeted with joy in Israel, and skepticism elsewhere.
During those several years, Intel was said to be trying to decide where to build the 10nm plant — in Israel or Ireland, with the plant seen as one of the main production facilities for Intel chips in the coming years.
The two countries have been lobbying for Intel's business, offering incentives and tax breaks — as would be expected, said Mooly Eden, Intel International SVP and CEO of Intel Israel. At an event in Tel Aviv earlier this year, Eden said that both governments "know how the game is played. In today's world, this is how governments bring jobs in".
As an Israeli, Eden, of course, would prefer to see the plant in Israel, but for Intel the decision was purely economic. That said, the investment made sense for the government, Eden said.
"Israel gets back a lot more from Intel that it does from other multinationals. Over the years Intel has invested $10.8bn in Israel. Taking into account all of the services and outside contractors we use, Intel's activities on Israel is responsible, in our estimation, for some 30,000 jobs in the Israeli economy." |
