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Intel

Intel To Invest $25 Billion in Israel After Winning Incentives (bloomberg.com) 150

Intel confirmed it will invest a total of $25 billion in Israel after securing $3.2 billion in incentives from the country's government. From a report: The outlay, announced by the Israeli government in June and unconfirmed by Intel until now, will go toward an expansion of the company's wafer fabrication site in Kiryat Gat, south of Tel Aviv. The incentives amount to 12.8% of Intel's planned investment.

"The expansion plan for the Kiryat Gat site is an important part of Intel's efforts to foster a more resilient global supply chain, alongside the company's ongoing and planned manufacturing investments in Europe and the US," Intel said in a statement Tuesday. Intel is among chipmakers diversifying manufacturing outside of Asia, which dominates chip production. The semiconductor pioneer is trying to restore its technological heft after being overtaken by rivals including Nvidia and Taiwan Semiconductor Manufacturing Co.

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Intel To Invest $25 Billion in Israel After Winning Incentives

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  • by dskoll ( 99328 ) on Tuesday December 26, 2023 @10:50AM (#64106301) Homepage
    • What could go wrong? (Score:5, Interesting)

      by spinitch ( 1033676 ) on Tuesday December 26, 2023 @11:11AM (#64106351)
      A hot conflict zone with no foreseeable stabilization. Interesting diversification. Tech talent aside.
      • by RightwingNutjob ( 1302813 ) on Tuesday December 26, 2023 @11:49AM (#64106441)

        Compare to alternatives, not to perfection.

        The alternative in question (Taiwan, South Korea, etc) is also a potential hotzone. Except the likely aggressor has much more to bring to the party.

        • The alternative in question (Taiwan, South Korea, etc) is also a potential hotzone. Except the likely aggressor has much more to bring to the party.

          Add to these Arizona, which Intel and TSMC both thought of as a safe zone. Now it is being invaded by swarms of refugees from Allah-knows-where.

      • A hot conflict zone with no foreseeable stabilization. Interesting diversification. Tech talent aside.

        If they built it in a Settlement that would be lunacy, but this is in territory that Israel took after the 1948 war, that's Israel for good at this point.

      • A hot conflict zone with no foreseeable stabilization. Interesting diversification. Tech talent aside.

        yeah. Ignoring the one reason to do something does make it seem like a bad idea.

        That said, this is probably not a good time to invest in an expansion in Israel.

        On the other hand... I recall about 20 years ago being on the phone with a co-worker in Israel who was just blithely working away while the city was being shelled. He had to pause and repeat himself occasionally when a shell exploded nearby and made it hard to hear him, but it was just part of life to him..

        To us outsiders, this war is a big new thi

  • Can Israel count on the US to support them for the next 50 years? They've caused enormous diplomatic problems for us, made us look evil in the eyes of the rest of the world, inspired terrorists to attack us and what have we gotten out of it? They've done very little for us as allies (I can't think of a single thing). Israel even refused to join with us in sanctioning russia over Ukraine I belive. We give and they take. America would be much better off to completely drop Israel and let them go it alone. I'm
    • Being the bad man in the shadows opens space for the rest of the western world to operate with the nutbags in charge in IRAN. There is someplace worse than a CIA rendition center....it is in the between places ran by the IDF. Worse yet, we can tell russia you are an enemy of their state...https://www.reuters.com/world/europe/russias-navalny-describes-harsh-reality-polar-wolf-arctic-prison-2023-12-26/
      • Re: (Score:2, Interesting)

        by drinkypoo ( 153816 )

        Being the bad man in the shadows opens space for the rest of the western world to operate with the nutbags in charge in IRAN.

        You mean the country which was on its way to a secular and also anticapitalist revolution when we interfered with their politics to protect oil interests in the region?

    • Why have alliances at all?

      That's a serious question. Because what you said is just as true of many of our military alliances, NATO especially.

      Presumably the cost of subsidizing other people's defense in the service of deterrence and favorable trade conditions is outweighed by the potential costs of dealing with the fallout should those countries be overrun by hostile actors.

      That's not an argument for growing the empire for the sake of growing the empire, but it is an argument for holding the line and not te

      • by skam240 ( 789197 ) on Tuesday December 26, 2023 @12:03PM (#64106475)

        Because what you said is just as true of many of our military alliances, NATO especially.

        Not true. For instance, when we were attacked on 9/11 NATO went to war for us. Israel did not.

        • NATO did not go to war *for* us, they went to war *with* us. And it was us doing much of the heavy lifting.

          By the same standard, while Israel has never gone to war for or with us, we have never gone to war with or for Israel. Just money and equipment flowing back and forth.

          • by skam240 ( 789197 ) on Tuesday December 26, 2023 @12:35PM (#64106531)

            NATO did not go to war *for* us, they went to war *with* us. And it was us doing much of the heavy lifting.

            "With" doesnt make sense as we're a member of NATO.

            By the same standard, while Israel has never gone to war for or with us, we have never gone to war with or for Israel. Just money and equipment flowing back and forth.

            "Back and forth"? How much money has Israel given us again?

            The point here is that we do actually get something real and tangible out of NATO unlike our relationship with Israel, the Afghan war illustrates that well. Israel is just a huge liability for us, for all the money we send them they dont even back our plays in places like Ukraine.

            • I'm going *with* you to the meeting = we go together.

              I'm going *for* you to the meeting = I go and you don't.

              I'm going *against* you at the meeting = we both go but not as allies.

              Yes the English language is messy thing, but it's the best we've got.

              Our play in Ukraine is a half-assed catastrophe. While it would have been a sound strategy to methodically bring a prized piece of the former Soviet Empire firmly into our orbit, it seems that few in the upper echelons of any of the best half-dozen or so administr

              • by skam240 ( 789197 )

                Our play in Ukraine is a half-assed catastrophe. While it would have been a sound strategy to methodically bring a prized piece of the former Soviet Empire firmly into our orbit, it seems that few in the upper echelons of any of the best half-dozen or so administrations actually articulated this goal in plain language to itself. Hence the haphazard nonsense that has cost perhaps 10x or 20x or more in catchup in Ukraine than we pay to Israel (about 2bn/year, on average I think).

                Regardless of your opinion on what we're doing in Ukraine Israel has failed to back us even in that context. We lavish them with money and military tech and all we get in return is the ill will of the entire Muslim world as our "reward".

                • In addition to technology, weapon storage, support, trade, and countless other benefits the US gains from the relationship with Israel, the US also gains immense say in Israel's actions and an ally with shared morals. If you feel you do not share morals with Israel, then realize that you share morals with Hamas, Iran, and ISIS.

                  • by skam240 ( 789197 ) on Tuesday December 26, 2023 @02:42PM (#64106877)

                    If you feel you do not share morals with Israel, then realize that you share morals with Hamas, Iran, and ISIS.

                    Hahaha, what? What a bizarrely childish outlook on life you must have.

                    One can be of the opinion that BOTH Israel and the groups you list are run by shitty immoral people. Not every war has a "good guys" side.

                    • [quote]Not every war has a "good guys" side.[/quote]

                      That's when the UN goes in and disarms both parties. Oh wait, U.S. veto's any and all foreign action in Palestine/Israel. Except when it's the U.S. doing unilateral and unconditional funding of one side of the conflict.

                    • by cusco ( 717999 )

                      Not very good weapons storage at that, every time Israel uses up a bunch of ammo during one of its periodic orgasms of violence they just reload (at no charge) from our ammo dumps. Unless Mossad has remarkably good blackmail on a huge number of powerful people the stupidity of continuing to support Israel has made no sense to me.

                  • since when did israel have morals?
                • We give them a few billion a year in cash, of which a good chunk is spent on American manufactured weapons. You make it sound like they're draining our treasury. The free stuff the Democrats like to give away does that well enough on its own.

                  • by skam240 ( 789197 )

                    You make it sound like they're draining our treasury.

                    No I'm not. All I've ever been saying is that we get nothing for the very large sums we give them and that's true.

                    Gong forward it would be nice of you to not make up absurd stances and claim they are mine.

                    The free stuff the Democrats like to give away does that well enough on its own.

                    Yes, spending American tax dollars and debt spending on Americans rather than giving it to a country who by supporting we alienate about a quarter of the world's population (going by Muslim population numbers) is just terrible isnt it?

                    • You know, the wonderful thing about America is that it's on the opposite side of the planet from much of the old world bullshit that still weighs down the human race with petty grievances of tribe and land.

                      I don't really care what they think of us in the part of the world where honor killings are a thing, literacy is optional, and the slightest bit of nonconformity (religion, sex, etc) can be a capital offense.

                      To the extent we have to have any involvement in these places, better to deal with people whose MO

                    • by skam240 ( 789197 )

                      So things like 9/11 or OPEC aligning with Russia are total non issues for you?

                      Like it or not we all live on the same planet.

                    • Be real. They'll find another excuse to hate our guts. The extortion would continue.

              • bring a prized piece of the former Soviet Empire firmly into our orbit,

                No matter what happens from this war (unless Ukraine ends up fully annexed, unlikely as that is) they are already in our sphere. They'll be in the EU soon and after that is NATO at some point once their territory has been secure for a few years. Same as Poland, Romania, Croatia, Estonia, etc.

                And much like Ukraine once Israel "went to war" the funding from the US increased in kind, as one would expect.

                Also not every dollar we give to Ukraine is just cash. Quite a lot of that number is actually military m

            • Israel has provided amongst other things the Star Wars system which wouldâ(TM)ve blown any Soviet ICBM out of the sky during the Cold War and one of the reasons it never became a Hot War. Without them the US wouldâ(TM)ve never developed microchip technology that went to space. The granddaddy of modern PC, the 8088 was developed by Intel with funding from the Israeli government. TDM, VoIP, firewalls, facial recognition, GPS on cell phones.

              Israel very strong support of a laissez faire capitalism in

              • by cusco ( 717999 )

                Well into the Shrub Madministration the only way the Star Wars interceptors could get to 30% hit rate was when they put transponders **IN THE TARGET MISSILE**. Somehow I rather doubt that either the Soviets or the Russians ever agreed to do that, it was nothing but a gigantic money sink for 30 years. Maybe you're thinking of Israel's 'Iron Dome' system, which was based on stolen Patriot anti-missile tech and even after two decades of improvements still has a fairly high miss rate.

                No, the Israelis didn't i

            • By the same standard, while Israel has never gone to war for or with us, we have never gone to war with or for Israel. Just money and equipment flowing back and forth.

              Don't know what you call a couple of American carrier groups hanging around the area and shooting down any misslies / drones coming towards Israel.

              Maybe a it's an American "special military operation"? Why does that phrase sound familiar to me .......

        • Israel refrained from direct response to attacks upon itself in 2001, in that move it set in motion the decades of normalization of relations with several gulf states.
          • by skam240 ( 789197 )

            And yet both Israel and by extension ourselves are still loathed throughout the Muslim world.

            Terrorists in this part of the world dont care about treaties signed by their country's dictators.

            • This is a problem the majority of people with âoesolutionsâ tend to forget: most people do not have a western viewpoint on these things.

              For certain sects of Muslims it is perfectly reasonable to sacrifice your children as this life is not considered the real one. Trying to reason or have a treaty with someone who doesnâ(TM)t even accept the premise that your (or their) existence is worthy is ludicrous. In those situations, tit for tat is one of the best solutions according to game theory.

          • by adrn01 ( 103810 )
            I recall Israel essentially extorting the US to provide them with Patriot batteries or they would attack Iraq in response to Scuds being fired at them. Had they done so, the Arab nations might have withdrawn their support, potentially leaving the US with a large ground force with severely restricted supply lines, or none at all.
    • This chip fab will be obsolete well before 50 years, so what happens that far out doesn't concern Intel.

  • by Archtech ( 159117 ) on Tuesday December 26, 2023 @11:36AM (#64106405)

    "Intel confirmed it will invest a total of $25 billion in Israel after securing $3.2 billion in incentives from the country's government".

    So who is giving whose money to whom? Who benefits?

    • Re: (Score:3, Funny)

      by drinkypoo ( 153816 )

      Israel is giving American taxpayers' money which we gave them to keep down Islamic people in neighboring nations to Intel in order to convince them to build more equipment in Israel that will benefit both Israel, and Intel's shareholders, and also encourage America to send them more money to protect Intel's investment.

      • by AmiMoJo ( 196126 )

        Intel is on the boycott list now. Starbucks has taken quite a hit from being on it.

        There has to be a cost to doing business with Israel. It worked against apartheid era South Africa.

        • The question is whether people will keep it up when the last resident of Palestine has been bombed to death, or if they will treat it as a done deal and move on like they have with Native American massacres, no fucks given. I mean the Wikipedia article on the US 1st Cavalry starts with saying they are a "decorated unit" but never gets around to discussion of the Bloody Island massacre, where the ORIGINAL 1st cavalry stood on the shore and fired their weapons until every Pomo on the Island was dead except on

          • by AmiMoJo ( 196126 )

            They are saying the war will go time, and they're if still the West Bank to ethnically cleanse. This is far from over.

            • I've tried several times now, but I just can't translate that comment into English.

              • by AmiMoJo ( 196126 )

                Fair comment. I was trying to say that Israel is saying the war will continue for a long time, and they still have to genocide the West Bank to achieve their goals. There is plenty of time to boycott them.

    • It is a race to the bottom. Read up on Intel's "deal" with Costa Rica and how it turned out for them.

    • I’m sure there are quite few politicians at the trough.
  • by DarkRookie2 ( 5551422 ) on Tuesday December 26, 2023 @12:02PM (#64106471)
    Gov handouts to one of the largest companies in the world!
  • Yay, genocide! (Score:2, Insightful)

    by haunebu ( 16326 )

    Let's keep sending the genocidal Israelis all of our money! What could possibly go wrong? It's not like the entire region wants to wipe them (and Intel's investment) off the map or anything.

    • [disclaimer : I French, and I may have few difficulties to express my thoughts on such matters, in a clear and simple way]

      I don't understand why your post is scored -1 and labelled as Troll.
      While in fact, it exposes truth.
      Israel has a genocidal government
      They are bombing civilians, killing babies, journalists, doctors, etc, against every international laws
      They kill by the tens of thousands
      And they explicitly stated their goal : erase the Palestinians from the surface of the country
      And the US are sen
    • How is Israel attempting genocide? Have they been killing the millions of Arab-Israeli citizens? No, they have not. Are they the ones targeting civilians? No, they have gone to absurd lengths to avoid civilian casualties.

      Hamas, on the other hand, has as its stated goal the extermination of all Jews in the region. That's what their "river to the sea" slogan is all about. They are also engaged in war crimes - intentionally targeting civilians, using rape as a weapon, using schools and hospitals as ar

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