Intel Corp (INTC)

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U.S. Intel plans $5 billion investment in Israeli plant

"The U.S. semiconductor firm has said it planned to upgrade the facility to 10-nanometer technology from 22-nanometer, making chips that are smaller and faster.

Intel received a state grant worth 5 percent of the $6 billion it invested in upgrading the plant in 2014, when it was also granted a reduced corporate tax rate of 5 percent for 10 years.

Intel is expected to receive a further grant of up to 10 percent of the $5 billion value for the latest expansion. A ministry spokeswoman said the precise amount would depend on Intel’s final expansion proposals. "

https://www.reuters.com/article/us-intel-israel-expansion/u-s-intel-plans-5-billion-investment-in-israeli-plant-minister-idUSKCN1G51ET