Serious Intel To Invest In US$25 Billion In Israel! Why Not Build In Singapore Instead?

[JohnTan]

JERUSALEM: US chipmaker Intel Corp will spend US$25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday (Jun 18), calling it the largest-ever international investment in the country.

The factory in Kiryat Gat is due to open in 2027, to operate through 2035 at least and to employ thousands of people, Israel's Finance Ministry said. Under the deal Intel will pay a 7.5 per cent tax rate, up from the current 5 per cent, the ministry added.

During its almost five decades of operations in Israel, Intel has grown to become the country's largest privately held employer and exporter and a leader of the local electronics and information industry, according to the company's website.

In 2017, Intel bought Israel-based Mobileye Global Inc , which develops and deploys advanced driver-assistance systems, for US$15 billion. Intel took Mobileye public last year.

Announcing the deal in televised remarks to his cabinet, Netanyahu called it "a tremendous achievement for the Israeli economy - 90 billion shekels (US$25 billion) - the largest investment ever by an international company in Israel".

In a statement, Intel said its Israel operations had "played a crucial role" in the company's global success.

"Our intention to expand manufacturing capacity in Israel is driven by our commitment to meeting future manufacturing needs ... and we appreciate the continued support of the Israeli government," it said.

https://www.channelnewsasia.com/bus...el-factory-record-deal-netanyahu-says-3570336

 

[GOD IS MY DOG]

Intel CEO is a Jew what..............

 

[congo9]

Build in Singapore?
if these company is going to pay slave wage to produce cutting edge stuff, then they should stay put in Israel.

 

[k1976]

Here, our operation cost is not cheap.
Isreal gov could be throwing in big bucks as well, as they know semiconductor can synerize with Isreal other high tech industry....

Here, SG is a 100% financial center liao

 

[syed putra]

I hope they employ arabs.

 

[congo9]

I hope they employ arabs.

Arabs are well fed by their government.

 

[syed putra]

Arabs are well fed by their government.

I hope palestinians can become Israeli citizens. Surrender their land fir citizenship. Like what happened between immigrants and malays in sinkie.

 

[winners]

Not unless the PAP government will give them very good incentives. Some countries will subsidize their capital costs whilst others provide free land and limited years of tax-free operation. Is the PAP government willing to give all these?

 

[laksaboy]

Sinkieland is primarily a money laundering and scam hub now. For proper high-end manufacturing and R&D, better do that in a country which is capable.

Even the low end stuff such as pasar malams are getting worse with every passing year on this island shithole.

 

[congo9]

Sinkieland is primarily a money laundering and scam hub now. For proper high-end manufacturing and R&D, better do that in a country which is capable.

Even the low end stuff such as pasar malams are getting worse with every passing year on this island shithole.

Ya with the supposedly low costs Pasar malam.People are complaining the costs of having a simple snack is far too expensive.

Time to move out of Singapore assuming PAP is to be running the govt forever.

High end manufacturing is nothing to Singapore. It does not add value to our economy. We don't have the market. We don't have the people and we don't have the talent to make it possible.

TSMC is in Taiwan. US wanted to replicate the manufacturing capabilities to Arizona. But it's hard to do as the work ethics is just out of this world for the lazy Ang mo.

 

[laksaboy]

Ya with the supposedly low costs Pasar malam.People are complaining the costs of having a simple snack is far too expensive.

It's not just the costs... it's the restrictions. If I have to use a word to describe it... too 'regimental'.

Go over to Malaysia and check out their pasar malams, or a flea market.

Oh yeah, what happened to a famous historical flea market here?

The former Sungei Road market vendors: Where are they now?​

https://www.channelnewsasia.com/cna...-thieves-market-vendors-where-are-they-349266

Now you know why even the Turf Club horseracing wasn't spared.

https://www.sammyboy.com/threads/br...racing-in-oct-2024.342432/page-4#post-3812230
https://www.sammyboy.com/threads/wo...ed-without-further-delay.330326/#post-3702047

 

[k1976]

Arabs are well fed by their government.

Isreal also got a good sizable Arab population. There are a sizable talent pool for Isreal Arab enginneers.

 

[k1976]

Ya with the supposedly low costs Pasar malam.People are complaining the costs of having a simple snack is far too expensive.

Time to move out of Singapore assuming PAP is to be running the govt forever.

High end manufacturing is nothing to Singapore. It does not add value to our economy. We don't have the market. We don't have the people and we don't have the talent to make it possible.

TSMC is in Taiwan. US wanted to replicate the manufacturing capabilities to Arizona. But it's hard to do as the work ethics is just out of this world for the lazy Ang mo.

No worries, got automation mah.
Orang in TW, can still run fab in US in real time De woh.

Even Defect results can be uploaded and share in real time 20yrs ago... Only here too orangmatic

 

[k1976]

It's not just the costs... it's the restrictions. If I have to use a word to describe it... too 'regimental'.

Go over to Malaysia and check out their pasar malams, or a flea market.

Oh yeah, what happened to a famous historical flea market here?

The former Sungei Road market vendors: Where are they now?​

https://www.channelnewsasia.com/cna...-thieves-market-vendors-where-are-they-349266

Now you know why even the Turf Club horseracing wasn't spared.

https://www.sammyboy.com/threads/br...racing-in-oct-2024.342432/page-4#post-3812230
https://www.sammyboy.com/threads/wo...ed-without-further-delay.330326/#post-3702047

Yeah... Even simple stuff also have license De... But many people dun understand, not every thing can be buy with $$$$$$

 

[batman1]

Remember micropolis ? chartered semi-conductor ? all fiascos.

 

[k1976]

My TW director told me... I know how u feel... On the day Chartered Semi is sold off

 

[Laguna123]

Here, our operation cost is not cheap.
Isreal gov could be throwing in big bucks as well, as they know semiconductor can synerize with Isreal other high tech industry....

Here, SG is a 100% financial center liao

Washing machine hub?

 

[k1976]

I hope they employ arabs.

Of course they do.. Arab engineers are very talented, bro

 

[Loofydralb]

Wait until Russia lets Iran take it out after supplying it with Khinzals.

 

[k1976]

Not unless the PAP government will give them very good incentives. Some countries will subsidize their capital costs whilst others provide free land and limited years of tax-free operation. Is the PAP government willing to give all these?

Tiagong, wafer fab ish a sunset industry few years ago