Intel is halting plans for a $25-billion factory in Israel, Israeli financial news website Calcalist said on Monday.
The US company, asked about the report, cited the need to adapt big projects to changing timelines, without directly referring to the project.
Israel continues to be one of our key global manufacturing and R&D sites and we remain fully committed to the region Israel’s government in December agreed to give Intel a $3.2-billion grant to build the $25-billion chip plant in southern Israel.
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