Source-linked briefing Technology

Israel Cancels NIS 1.3 Billion Grant for Intel Amid Kiryat Gat Construction Freeze

Israel Cancels NIS 1.3 Billion Grant for Intel Amid Kiryat Gat Construction Freeze

Israel’s Ministry of Finance cancelled a NIS 1.3 billion grant for Intel two years after construction at the company’s Kiryat Gat facility was frozen. The move adds uncertainty to the chipmaker’s expansion plans in the country.

Original headline

Treasury cancels Intel grant