On Sunday, Israel’s Ministry of Finance announced that the country had reached a new agreement with processor giant Intel that will see $25 billion of investment go towards an updated chip-making facility in Kiryat Gat.
The investment adds another $15 billion on top of the $10 billion earmarked for the proposed factory back in 2019, after the global COVID pandemic delayed construction. The new facility will be significantly more advanced than in the original plans, forming part of a larger production site known as Megafab.
Intel hasn’t yet commented directly on the investment details, but a press release was quick to praise Israeli expertise: “Israel is a global center of technical talent and innovation and one of Intel’s significant global manufacturing and R&D centers. Since its establishment in 1974, Intel Israel has played a crucial role in Intel’s global success. Our intention to expand manufacturing capacity in Israel is driven by our commitment to meeting future manufacturing needs and supporting Intel’s IDM 2.0 strategy, and we appreciate the continued support of the Israeli government”.
Formal approval of the new agreement is expected to happen in a few weeks as Intel ramps up its international efforts to expand worldwide production capacity. According to a press release from the Israeli finance ministry, thousands of additional technicians will be required in Kiryat Gat, with Intel offering higher wages than the industry average. Additionally, the processor company has agreed to increase its tax obligations from 5% to 7.5%. Intel aims to close the investment deal and commence plant operations by 2027, operating the complex until at least 2035.
As manufacturers like Apple opt to develop their own processor architectures, Intel increasingly needs to adapt to a changing global market worth trillions of dollars. The company’s recent investment in Israel comes shortly after announcing a $4.6 billion deal to build a chip assembly and testing facility in Warsaw, Poland, and joins existing manufacturing facilities in Ireland and Germany.
UAE’s du Teams With Huawei For Net-Zero Telecom Services
The telecommunications company aims to promote sustainable development across the region.
du, one of the UAE’s major telecom providers, is boosting its efforts to help the Emirate towards a low-carbon future. The company aims to upgrade its diesel generator sites in remote communities and has ambitious plans to achieve net zero in collaboration with Chinese tech giant Huawei.
The primary goal for du is to reduce reliance on diesel generators, which in turn will cut down on maintenance costs and lower fuel consumption. Over 300 remote sites will be upgraded to advanced hybrid power solutions, lowering the company’s carbon footprint while improving efficiency and network coverage. Huawei’s hybrid generators include state-of-the-art lithium batteries and will reduce carbon emissions by over 10,000 tons – the equivalent of planting 500,000 trees per year.
“This initiative not only lowers our carbon footprint but also ensures the delivery of more eco-friendly and sustainable services to communities in even the most remote desert regions,” explained Saleem AlBlooshi, chief technology officer at du. “Our unwavering commitment to environmental responsibility reflects our determination to contribute to a greener and more sustainable future for all”.