Intel May Establish a New Israel Plant in Exchange for Future Tax Benefits

Government sources say it must be determined whether the Israeli economy stands to gain from a new plant in Kiryat Gat, which will cost an estimated NIS 1 billion to 1.5 billion.

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Intel has begun talks with the government in recent weeks over whether it will be entitled to tax breaks or a grant if it opts to build a new semiconductor manufacturing plant in Kiryat Gat, a government...