Intel’s $25 billion investment in Israel ‘important and significant’ says country’s finance minister

Intel Corp. is making a $25 billion investment in Israel, the country’s government said Tuesday, describing the move as “important and significant.”

The chip giant’s investment comes after Intel secured $3.2 billion in incentives from Israel, according to Bloomberg. The Times of Israel reports that Intel’s INTC $25 billion investment will support a chip manufacturing plant in Kiryat Gat, which will employ thousands of workers, and is expected to start operations by 2028. The deal was agreed in principle in June, according…