Intel suspends expansion of factory plan in IsraelAFP, NEW YORKIntel Corp is halting the expansion of a major factory project in Israel, which was going to pump an extra US$15 billion into a chip plant. The chip giant in December last year said it was going to expand a US$10 billion plan at the Kiryat Gat site, in the south of the country, which is currently under construction. Intel on Monday gave no reason for the pause and made no link to Israel’s conflict with Hamas in Gaza. The semiconductor giant has had a presence in Israel for 50 years, since the opening of a research center in Haifa. Intel floated part of Mobileye’s capital on the New York Stock Exchange in October 2022, but retains control of the company.

Source: Taipei Times June 11, 2024 18:40 UTC