Intel dedicates Fab 28 in Kiryat Gat
The fab will deliver $10 million worth of silicon wafers a day and could boost Israel's GDP by 2%.Intel Corporation (Nasdaq: INTC) today dedicated Fab 28 in Kiryat Gat in an impressive and grandiose ceremony filled with acrobats, drummers, pyrotechnics, and a children's choir. Intel invested more than $3.5 billion in the fab. The new fab is next to Intel's old Fab 18, now Fab 1 of Numonyx Inc.
Fab 28 is due to employ more than 2,000 people, out of the 7,300 people Intel employs in Israel. Fab 28 will manufacture 45-nanometer technology processors and is one Intel's three most modern facilities worldwide. Intel Israel general manager Maxine Fassberg will manage the facility, which occupies a 283-dunam (70.75-acre) site and has 20,000 square meters of clean rooms.
Fassberg said that a fab of this kind was "unparalleled in Israel. This fab will deliver $10 million worth of silicon wafers a day."
Intel estimates that Fab 28 will boost Israel's GDP by 2%. Intel estimates that Intel Israel had $1.54 billion in exports in 2007.