News Intel Reaches Agreement to Build New Fabs in Germany and Israel

[Admin]

Intel to get €10 billion subsidies from German government, plans expansion in Israel.

Intel Reaches Agreement to Build New Fabs in Germany and Israel : Read more

 

[Thunder64]

The Kiryat Gat fab is anticipated to commence operations in 2027 and continue at least until 2035, and the Israel Finance Ministry expects it will generate thousands of jobs. As part of the agreement, Intel's tax rate will be raised to 7.5% from the current 5%.

Shouldn't they be getting a tax cut?