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To: Gottfried who wrote (8412)	6/26/2000 9:27:00 AM
From: Alan Gallaspy	Respond to of 10921

Intel greenfield fab in Israel Intel to invest $2 bln in Israel plant TEL AVIV, June 26 (Reuters) - Intel Corp will set up a new $2 billion microchip plant in Israel that will employ 2,500 workers, Israel Radio reported on Monday. The radio said plans for the plant will be submitted within a week and it was not clear where in Israel the plant will be built. The report said Intel officials in Israel announced the company's intentions at a meeting with officials from the Industry and Trade Ministry and the Finance Ministry. Intel already has a $1.6 billion plant in southern Israel which builds microprocessors.