Israel grants Intel $3.2bn for new $25bn chip plant in "largest investment ever"
Israel grants Intel $3.2bn for new $25bn chip plant in "largest investment ever"
Deal with US chipmaker is ‘largest investment ever’ in Israel, Prime Minister Benjamin Netanyahu says.
gotta put that genocide money to work
This is how colonialism works.
Can't help but think that by paying for their weapons the US taxpayer has subsidized this. Joy...
I'm sure we'll get the dividends back as direct tax credits!
Gee I wonder why? What interest would the Israeli gov't have in backdooring chips made there?
It's not nefarious as you'd thing. Simply put Israel is a desert which they are slowly turning into something more fertile but the point is they don't have natural resources of any kind. They of course realize that and know how business works, so they invest huge amounts of money into education, science, research and above all businesses. There are literally cities that form around companies as big as Intel, Microsoft, Oracle and others. They are all there.
Gaza has a huge gas field next to it which israel has already sold off before even owning it. The water the Zionist use is stolen from the west bank BTW.
Gaza Marine is a natural gas field off the coast of the Gaza Strip. The Gaza Marine natural gas field is located in water about 36 kilometres (22 mi) offshore at a depth of 2,000 feet (610 m).[1] The field was discovered in 2000 by BG Group and it is estimated to contain more than 1 trillion cubic feet of natural gas.
On 18 June 2023, the Israeli government gave preliminary approval for its development.
Where do they get that amount of mon- ... oh wait...
Man am I happy that AMD is superior in every way intel these days.
I feel like this is short sighted, from a business perspective.
I think that the movement to boycott-sanction-digest from Israeli companies is likely to expand substantially in the coming year. 3.2 B is a lot, but will it be worth it? Not sure.
BDS!