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Israel grants Intel $3.2 billion for new $25 billion chip plant

By Reuters

26 Dec 2023

JERUSALEM, Dec 26 (Reuters) - Israel's government agreed to give Intel (INTC.O) a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday, in what is the largest investment ever by a company in Israel.

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