China Industrial Profits Slump Signals Need for More Economic Stimulus 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment 
U.S. Stock Index Futures Steady After S&P 500 Hits Record on Strong Economic Data 
Nvidia and Groq Strike Strategic AI Inference Licensing Deal 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
China to Tighten Crude Steel Output Controls and Export Regulation Through 2030 
TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards 
Winter Storm Devin Triggers Massive Flight Cancellations and Travel Disruptions Across the U.S. 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Intel Corporation, a leading global chipmaker, is charting a new course for semiconductor manufacturing by investing $25 billion in a production plant in Israel. Prime Minister Benjamin Netanyahu announced the landmark deal, the largest Israel has ever received from an international private company. The factory, expected to be operational by 2027, signals Intel's commitment to strengthening the global chip supply and supporting the Israeli tech sector.
According to Reuters, Netanyahu praised the investment and said this is the largest deal that the country has ever received from an international private company. Intel’s new chip production plant is located in Kiryat Gat, and the target date for its completion is some time in 2027. It is expected to be in full operation until 2035.
Israel is also looking forward to the new jobs that the Intel factory will open to the locals. The country’s Finance Ministry said that thousands of citizens may find employment at the site.
Under the agreement between Intel and the officials of Israel, the tech firm will pay a 7.5% tax rate which is up by 2.5% from the current five percent. It was also noted that Intel’s operations in the territory have grown throughout the decades and even become Israel’s largest privately held employer and exporter today.
“Israel is a global center of technical talent and innovation and one of Intel’s significant global manufacturing and R&D centers,” The Times of Israel quoted Intel as saying in a statement. “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.”
On the other hand, Prime Minister Benjamin Netanyahu also said, “This is the largest investment ever in the State of Israel. This is an expression of great confidence in the Israeli economy and exactly reflects the strength of the free economy that we have built here and the technological economy that we are developing here.”
Photo by: Christian Wiediger/Unsplash
