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Sunday, 12 June 2011 - Intel seeks grant for upgrade of Israel chip plant |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Obama says to weigh new steps to boost jobs 11 Jun 2011 UPDATE 1-Chilean ash cloud disrupts New Zealand-Australian flights 4:28am EDT UPDATE 2-Italy to bring forward deficit-cutting decree-sources 23 May 2011 IMF cyber attack aimed to steal insider information: expert 11:16am EDT Second day of fighting near Libya's capital | 9:24am EDT Discussed 120 Alabama governor signs nation’s toughest immigration law 86 Obama weighs new steps to boost jobs 75 U.S. debt default unimaginable, creditors say Watched Outrage over point blank teen killing in Pakistan Thu, Jun 9 2011 Bodypainters apply their skill Mon, Jul 19 2010 Lagarde: Debt would top agenda if she leads IMF Sat, Jun 11 2011 small business Talent search favors tech giants Recruiters say the Web 2.0 hiring boom, which counters nationwide unemployment above 9 percent, shows no sign of abating. And startups are having to be very creative to lure potential hires away from Google and other tech giants.  Full Article  Silicon Valley recruiter: "Everyone's desperate" 5 reasons to join a startup after graduating Intel seeks grant for upgrade of Israel chip plant Tweet Share this Email Print Related News Blast at Intel Arizona microchip complex injures 7 Tue, Jun 7 2011 Israel sees Syrian hand in Golan clashes, 23 dead Mon, Jun 6 2011 Israeli forces kill 18 protesters: Syrian TV Sun, Jun 5 2011 Closing Gaza gap, Israel posts Iron Dome in Sderot Thu, Jun 2 2011 Egypt eases travel restrictions for Gaza travelers Sat, May 28 2011 Analysis & Opinion China’s forbidden market lures global blue-chips Prada may be too reliant on golden couple Related Topics Technology » JERUSALEM | Sun Jun 12, 2011 11:41am EDT JERUSALEM (Reuters) - Intel Corp (INTC.O) is planning another expansion of its chip plant in southern Israel and is seeking a government grant for part of the funding, Israel's Industry and Trade Ministry said on Sunday. The ministry said the chipmaker plans a $4.8 billion expansion and technology upgrade to produce wafers with 15-nanometre technology at its Fab 28 chip plant in Israel's southern town of Kiryat Gat. It said Intel has asked Israel's government for an unspecified grant, and Israeli media put the amount at $500 million to $960 million since Intel typically asks for 12-20 pct of its planned investment. Intel, the ministry said, will hire 1,300 new employees at its new plant that will raise its workforce to 4,400. An Intel spokesman in Israel confirmed the company put in a grant request but he said this did not mean Intel would go ahead with the upgrade and expansion. Industry and Trade Minister Shalom Simhon said in a statement the ministry would review Intel's request. He added that the grant application was a vote of confidence by Intel in Israel's operations and that he hoped it would mean the expansion of its activities and investments. The world's No.1 chipmaker opened its $3.5 billion Fab 28 chip plant in 2008 and makes processors with 45-nanometer circuitry. The Kiryat Gat plant is already being upgraded to become Intel's second worldwide to produce the smaller, next-generation 22-nanometer chips at a cost of $2.7 billion. The first will be in the United States. Israel in January approved a more than $200 million grant for Intel to upgrade to 22 nanometers. (Reporting by Steven Scheer; Editing by Hans Peters) Technology Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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