Jun 21, 2023 /SemiMedia/ -- According to Reuters, Israeli Prime Minister Benjamin Netanyahu said on Sunday that Intel Corp will spend $25 billion to build a new factory in Israel, calling it the largest international investment ever in the country.

The Kiryat Gat factory will open in 2027, operate until at least 2035, and employ thousands of people, Israel's finance ministry said.

"Our expansion of manufacturing capabilities in Israel is part of our commitment to meet future manufacturing needs...We thank the Israeli government for its continued support," Intel said.