- Intel (NASDAQ:INTC) could receive a $380M grant from Israel for its planned chip manufacturing expansion in the area, according to Calcalist sources.
- The grant would be the largest ever awarded to a non-Israeli company by the government in a single award.
- In February, Intel announced a two-year, $5B expansion plan for the region.
- Intel shares are up 0.5% to $51.90.
- Previously: The Information: Why Intel's wearables bet failed (April 30)
Intel could receive $380M grant from Israel for expansion plans
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