Intel delays Fab 38

“Israel continues to be one of our key global manufacturing and R&D sites and we remain fully committed to the region,” says Intel, “managing large-scale projects, especially in our industry, often involves adapting to changing timelines. Our decisions are based on business conditions, market dynamics and responsible capital management.”

The Israeli government  awarded Intel a $3.2 billion subsidy to build the $25 billion fab which was due to start running wafers in 2028.

Intel’s Fab 28 is at Kiryat Gat making 10nm chips.

Intel has touched investment funds to put up the cash for new fabs in Arizona and Ireland.