Intel does not need Israel

Tagged: intel, Computer Hardware
Source: Fudzilla - Read the full article
Posted: 6 years 12 weeks ago

Depends how much they pay us

Intel Executive Vice President David Perlmutter has bluntly told the Israeli government that however much it pays the chip maker to set up a new plant in Israel will decide if the project goes ahead.

Intel and Israel have had a long love affair of grants and establishing plants. At present the company is the country's largest private employer in the high-tech industry, with more than 7,000 employees, and it is also the largest exporter, with exports of two billion dollars in 2009.

However Perlmutter told YNet that the Kiryat Gat plant needs upgrading. Intel asked for a $405 million grant, as part of an overall investment of $2.7 billion that it is implementing. He is quoted as saying that the grant has a great deal of importance in decision making. It is important for me to clarify that the decision on the grant will have a deciding influence on whether we establish the plant here or not.

“Intel has other alternatives," Perlmutter noted. It is a veiled threat as the Israelis have not come up with the cash yet and the claim that Intel could take its factory plans and run might make the country break out in a cold sweat.



Elmex8's picture
Joined: 04/23/2009
Posts: 140

Lets hope Intel doesn't do that. If you live in Israel(like I used to) you know that to advance in the computer engineering area in Israel without Intel being somewhere in the process is almost impossible. Even the certificate of the most simple computer technician is given out by Intel/Microsoft.

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BellTollsForThee's picture
Joined: 07/30/2010
Posts: 48

Wow, how does this tie in with isreal's funding for military, if intel backed out of isreal how would that effect their economy and thus their country's stability in the middle east, i don't know too much but crazy to think how some many things are tied