US/Israeli Taxpayers Give 525M To Intel

“This is a strategic decision by Israel to help the semiconductor industry. From the moment a decision was taken that it was worthwhile to support the industry, we must not back down, because the price would be heavy.” “Intel was a catalyst for developing Israel’s semiconductor industry, and for bringing many subsequent foreign investors in other companies, expressing confidence in Israel.”

Hezi Zaieg, Director, Israeli Investment Promotion Center.

Hadas Manor. “Grant for new Intel fab in Kiryat Gat approved,” Globes, 11/14/05.