Israeli Government Gives Intel $3.2 Billion in Incentives to Build a Chip Plant

Key TakeawaysThe Israeli government has given Intel $3.2 billion in incentives to expand its chip manufacturing in the country.The company plans to construct a $25 billion plant on its site in Kiryat Gat.Intel shares jumped to their highest level since March 2022.Intel (INTC) shares jumped Tuesday after Israel’s government granted the semiconductor maker $3.2 billion in incentives for a $25 billion chip manufacturing plant.The company is looking to expand its operations on its site in Kiryat Gat, where it a ...