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Intel’s $25 Billion Chip Factory Freeze: Kiryat Gat’s Tech Pause Amid Financial Crunch
Intel’s chip factory in Israel hits pause, and the suspense is killing us—will this $25 billion baby ever see the light of day? Stay tuned for the next episode of “As the Semiconductor Turns.” Focus keyphrase: Intel halts construction.
Hot Take:
Intel's latest game of 'Red Light, Green Light' in the chip manufacturing world has come to an abrupt halt in Israel. The company has decided to hit the pause button on their $25 billion sandcastle project, leaving us to wonder if someone just whispered "market dynamics" into their ear. But don't worry, they're "fully committed" to the region, which is corporate for "We'll call you, don't call us."Already a member? Log in here