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Israel approves Intel’s $6 billion investment in chip plant

Intel will receive a government grant of $300 million over five years and will be eligible to pay a corporate tax rate of only 5 percent for a 10-year period, the finance ministry said.

The U.S. chip giant plans to hire close to 1,000 more workers at the plant by 2023, in addition to the 2,500 that already work there. – Reuters



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