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morrowinder

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morrowinder

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Sunday, 07/24/2005 10:44:16 AM

Sunday, July 24, 2005 10:44:16 AM

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Intel to build 2nd Israeli plant


JERUSALEM (Reuters) - Israeli Prime Minister Ariel Sharon told cabinet ministers on Sunday that he had been informed by Intel Corp.'s Chief Executive that the U.S. electronic chip giant plans to build another plant in Israel.

"I spoke yesterday with the head of Intel, Craig Barrett, who informed me the company had decided to build another plant in Kiryat Gat (in southern Israel) in an investment of about $4 billion," Sharon was quoted as telling the cabinet meeting in a statement issued by his office.

A spokesman for Intel in Israel declined to comment.



http://money.cnn.com/2005/07/24/news/international/bc.tech.israel.intel.reut/index.htm
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