Intel to Spend $2.7 Billion on Upgrading Israeli Chip Plant

Pulkit Chandna

Intel’s chip plant in Kiryat Gat, Israel, is about to be upgraded to 22nm production capability , the chip maker said at a news conference. The upgrade will see the company invest around $2.7 billion, including a $210 million grant that was recently approved by the Israeli government. The fab is expected to begin production on 22nm process technology in December, which is in keeping with the late 2011/early 2012 launch of Ivy Bridge processors -- 22nm die shrink of Sandy Bridge. A few months back, Intel announced that it would spend up to $8 billion on similar upgrades to four of its existing plants in Oregon and Arizona and the construction of a new 22nm fab in Oregon.

Image Credit: Crown Heights

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