Intel in Talks to Build Another Chip Plant in Israel by 2012

Intel is reportedly planning on building another chip manufacturing plant in southern Israel by 2012 at a cost of $2.5 billion. The Yedioth Ahronoth newspaper reported that Intel executives had been holding meetings with Israeli government officials to determine whether the company would be eligible to receive grants for the plant. Intel spokepersons declined to comment on the publication, and also refused to give more information on the future plant. That's all we know for now.

Source: Reuters