Israel offering Intel $700m grant, without checking merits first
Hopes Intel will build new plant here, not elsewhere; but didn't first check whether the investment would actually benefit Israel.
The state has informally promised U.S. chip maker Intel a $700 million grant if the company build a new semiconductor plant in Israel. Knowledgeable sources say, however, that the government did not first examine the economic feasibility of its proposal. Furthermore, the offer comes just a few weeks after the Finance Ministry convened a committee to revisit corporate benefits that could...
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