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Intel Pauses Work on Israel Manufacturing Plant, Cites 'Capital'

Intel Pauses Work on Israel Manufacturing Plant, Cites 'Capital'
Intel has announced it is pausing work on its manufacturing plant in Israel citing a number of factors, including "capital management."

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Intel has announced a pause in the construction of its manufacturing plant in Israel, citing "capital management" as one of the factors. The company has asked the construction firm to halt the project for the time being, but remains committed to the country and the fab. This decision comes as Intel continues to struggle in the semiconductor foundry business, with disappointing quarters and a significant loss in 2023. The company's value is now half that of rival AMD. The pause in construction seems to indicate that Intel may be facing challenges in figuring out how to pay for the project.

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