Intel Corp Invests USD $11B on New Chip Plant in Israel

The Israeli finance minister has announced the commencement of a new venture that will be backed by US-semiconductor giant Intel Corp via Twitter.

The project will be a new chip-making plant in Israel and is the latest multi-billion-dollar investment in the country, being valued at 40 billion shekels (USD $11 billion); Intel Corps latest decision is a move that is anticipated to bring thousands of jobs to the south of Israel.