{"id":1950248,"date":"2023-06-18T07:07:02","date_gmt":"2023-06-18T11:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/intel-to-invest-25-billion-in-israel-factory-in-record-deal-netanyahu-says\/"},"modified":"2023-06-18T07:08:38","modified_gmt":"2023-06-18T11:08:38","slug":"intel-to-invest-25-billion-in-israel-factory-in-record-deal-netanyahu-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/intel-to-invest-25-billion-in-israel-factory-in-record-deal-netanyahu-says\/","title":{"rendered":"Netanyahu announces Intel&#8217;s groundbreaking $25 billion investment in Israeli factory."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fintel-to-invest-25-billion-in-israel-factory-in-record-deal-netanyahu-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1950248&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><h2>JERUSALEM (Reuters) &#8211; U.S. chipmaker Intel Corp to Invest $25 Billion in New Israeli Factory<\/h2>\n<\/p>\n<p>The Prime Minister of Israel, Benjamin Netanyahu, announced on Sunday that Intel Corp, a leading U.S. chipmaker, will be investing $25 billion in a new factory in Israel. This investment is considered the largest-ever international investment in the country, marking a significant milestone for Israel&#8217;s economy.<\/p>\n<blockquote>\n<p><h3>Expanding Manufacturing Capacity<\/h3>\n<\/p>\n<p>The new factory, located in Kiryat Gat, is set to open in 2027 and operate until at least 2035. It is expected to create thousands of job opportunities for the local workforce. Israel&#8217;s Finance Ministry stated that as part of the deal, Intel will pay a 7.5% tax rate, an increase from the current 5%.<\/p>\n<\/blockquote>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Intel has been operating in Israel for nearly five decades and has become the country&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/intel-to-invest-25-billion-in-israel-factory-in-record-deal-netanyahu-says\/\" title=\"Netanyahu announces Intel's groundbreaking  billion investment in Israeli factory.\">largest privately held employer<\/a> and exporter in the electronics and information industry, according to the company&#8217;s website. In 2017, Intel acquired Mobileye Global Inc, an Israel-based company specializing in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/truly-autonomous-cars-may-be-impossible-without-helpful-human-touch\/\" title=\"Truly autonomous cars may be impossible without helpful human touch\">advanced driver-assistance systems<\/a>, for $15 billion. Last year, Intel took Mobileye public.<\/p>\n<p>Prime Minister Netanyahu expressed his excitement about the investment, stating, &#8220;This is a tremendous achievement for the Israeli economy &#8211; 90 billion shekels ($25 billion) &#8211; the largest investment ever by an international company in Israel.&#8221;<\/p>\n<p>Intel also acknowledged the importance of its Israel operations in its global success. In a statement, the company said, &#8220;Our intention to expand manufacturing capacity in Israel is driven by our commitment to meeting future manufacturing needs&#8230; and we appreciate the continued support of the Israeli government.&#8221;<\/p>\n<p>Written by Dan Williams and Ari Rabinovitch; edited by James Mackenzie<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/intel-to-invest-25\/attachment\/file-photo-illustration-shows-intel-logo\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Other News:<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Bill Gates Meets with China&#8217;s Xi Jinping Amid Rising Tensions<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>California Proposes Considering Gender Identity in Child Custody Disputes<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Week in Review: Major Headlines in the US and Around the World<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Los Angeles Dodgers&#8217; Owner Salutes Sisters of Perpetual Indulgence<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Meta Platforms Restores Services on Facebook and Instagram<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Microsoft Faces Legal Fights with U.S. Antitrust Enforcers<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Binance&#8217;s U.S. Affiliate Conducts Funding Round<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Intel Corp plans to invest $25 billion in a new factory in Israel, according to Prime Minister Benjamin Netanyahu. This significant investment is considered the largest ever made by a foreign company in the country. The factory, located in Kiryat Gat, is expected to commence operations in 2027, employing thousands of individuals until at least 2035.<\/p>\n","protected":false},"author":66,"featured_media":1950249,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[14819,4156,13385,17163,16848,9177,5779,6524],"class_list":["post-1950248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-14819","tag-announces","tag-factory","tag-groundbreaking","tag-intels","tag-investment","tag-israeli","tag-netanyahu"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1950248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1950248"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1950248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1950249"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1950248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1950248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1950248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}