Wednesday, July 6, 2005
Intel Corp. has appealed to the government of Israel to approve an enlarged grant to help it build a wafer fab in the country, according to a local newspaper in Israel.
The government approved a grant of $400 million four years ago, but the company has asked for $490 million, arguing that a larger plant would create an additional 1,800 jobs, according to the report. The report also stated that Intel was eager to do business with Israel because it was not likely to receive grants from within the U.S. or from Ireland.
The Irish government dropped its bid to get a 1.6 million euro (about $2.1 billion) grant for an Irish wafer fab expansion sanctioned by the European Union. At the time the Irish government said it believed Intel would go ahead with an additional fab without the financial incentive.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
