Intel stops construction of $25 billion chip factory in Israel

The deal, announced in December of 2023, was slated to be the largest investment the international chipmaker has made in Israel so far.

Intel’s $25 billion chip factory in Israel has been halted, although the chipmaker said in a statement that it was ‘still committed to the region.’

In the last few days, Intel’s suppliers received notice to halt the delivery of materials and cancel contracts required to establish the chip factory.


According to Calcalist, Israel’s Ministry of Finance was already aware of the decision to stop the construction, with the financial news outlet speculating whether it was a delay or a cancellation of the deal.

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Comments
Dalya Horowitz 11:00 13.06.2024
Absolutely COWARDS!! We need to stand WITH our allies, not back down in the face of pressure by evil forces .
augustus ignacio 23:41 12.06.2024
"God will bless those who bless Israel, and whoever curses Israel, God will curse; all peoples on earth will be blessed through Israel.".
Dina B 21:33 12.06.2024
Remember, Damascus started this and stopping business with Israel means you must support terror
Martin Greatness 20:54 12.06.2024
I agree with #darrelsnider COWARDS
Elena Caddell 18:25 12.06.2024
That’s ok! They just cursed themselves. Prepare to hear about their bankruptcy 😂🤣💙🇮🇱💙💙🇺🇸💙🇮🇱💙
Jeffrey Bakst 18:13 12.06.2024
Boycott intel!!!
darrel snider 17:01 12.06.2024
Cowards
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