Intel and the Israeli government have agreed on a preliminary deal to bring a new plant to Kiryat Gat near Tel Aviv by 2025. The site will provide thousands of jobs for Israelis according to reports.
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Intel says that its latest fab complex will consist of chip packaging facilities and multiple modules that will have the potential of processing wafers by employing its advanced process technologies.
Intel initially planned a release for its 10nm-based chips back in 2015-16 with Cannon Lake but that didn't happen. However, 10nm yields are finally improving says Intel at its Q2 2021 earnings call.
Intel reportedly wants to acquire GlobalFoundries according to a new report. Apparently, the company is currently exploring the possible options and the deal could go through for a sum of $30 billion.