Reported about 1 year ago
According to Israeli financial media Calcalist on June 10, 2024, Intel has decided to temporarily suspend its $25 billion semiconductor plant project in Israel. The company requested the construction contractor to halt the project, citing the need for responsible capital management. Intel reaffirmed its commitment to investing in Israel but did not provide a specific timeline for the suspension duration, as multiple factors affecting the project's progress led to the temporary pause. The plant was expected to produce 10-nanometer chips and operate until 2035 to enhance global supply chain flexibility alongside investments in Europe and the United States. Intel might continue the suspension until the exact construction costs are determined.
Source: YAHOO