{"id":24603,"date":"2023-06-19T13:44:04","date_gmt":"2023-06-19T17:44:04","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/intel-makes-25-billion-israel-push-as-u-s-china-chips-war-intensifies\/"},"modified":"2023-06-19T13:44:05","modified_gmt":"2023-06-19T17:44:05","slug":"intel-makes-25-billion-israel-push-as-u-s-china-chips-war-intensifies","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24603","title":{"rendered":"Intel Makes $25 Billion Israel Push As U.S.-China Chips War Intensifies"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000673484\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>The Israeli government on Sunday said<br \/>\n        Intel<br \/>\n       was investing $25 billion to manufacture semiconductors in the country, just days after the chip maker announced a new facility in Poland.<\/p>\n<p>It\u2019s the latest move in a trend among chip makers to focus manufacturing far away from China and Taiwan\u2014the global semiconductor hub\u2014amid rising tensions between the U.S. and China over cutting-edge technology.<\/p>\n<div class=\"paywall\">\n<p>Intel (ticker: INTC) has made an agreement in principle to invest $25 billion in a new manufacturing facility in Israel, the largest ever foreign investment in the country, the office of the prime minister <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/IsraeliPM\/status\/1670392452245487616\" target=\"_blank\" class=\"icon none\">said via Twitter on Sunday<\/a>.<\/p>\n<p>In a statement, Intel said that its \u201cintention to expand manufacturing capacity in Israel is driven by our commitment to meeting future manufacturing needs and supporting Intel\u2019s IDM 2.0 strategy.\u201d<\/p>\n<p>The U.S. chip giant announced last Friday that it expected to invest $4.6 billion in a new chip testing and assembly facility in Poland, which it said would help the European Union work toward a more resilient semiconductor supply chain.<\/p>\n<p>Intel is not the only chip giant to look toward new global industrial hubs amid rising U.S.-China tension over chips.\u00a0<\/p>\n<p>\n        Micron Technology<br \/>\n       (MU)\u2014which has found itself in the geopolitical hot seat amid an inquiry by Chinese authorities\u2014said last month it would bring next-generation chip manufacturing to Japan. Micron is also nearing a $1 billion deal to set up a chip packaging facility in India as part of its diversification efforts, Bloomberg reported on June 16, citing anonymous sources.<\/p>\n<p>Write to Jack Denton at jack.denton@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/intel-chips-israel-us-china-micron-stock-8409c254?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Israeli government on Sunday said Intel was investing $25 billion to manufacture semiconductors in the country, just days after the chip maker announced a new facility in Poland. It\u2019s the latest move in a trend among chip makers to focus manufacturing far away from China and Taiwan\u2014the global semiconductor hub\u2014amid rising tensions between the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-24603","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Intel Makes $25 Billion Israel Push As U.S.-China Chips War Intensifies | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Israeli government on Sunday said Intel was investing $25 billion to manufacture semiconductors in the country, just days after the chip maker\" 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