Israel's government agrees to give Intel a $3.2B grant for a $25B chip plant the company plans to build in Kiryat Gat in southern Israel, set to open in 2027 (Steven Scheer/Reuters)

Steven Scheer / Reuters:
Israel's government agrees to give Intel a $3.2B grant for a $25B chip plant the company plans to build in Kiryat Gat in southern Israel, set to open in 2027  —  Israel's government agreed to give Intel Corp (INTC.O) a $3.2 billion grant for new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday.