Should Israel Subsidize Intel?

BySHLOMO MAITAL
November 11, 2010 12:27

The two sides of the dilemma of whether or not Israel should give Intel 741 million shekels.




Shlomo Maital

Shlomo Maital. (photo credit:Courtesy)

“GIVE ME A ONE-HANDED economist!” former US president Harry Truman once demanded. “All my economists say, ‘on the one hand, on the other [hand].’” I’m sorry, Harry, I try my best to write decisively one-handed, as you demand, but some prickly issues are like Chopin’s Minute Waltz – there is no way to do them justice with just one hand.

The recent government decision, in principle, to give Intel 741 million shekels ($205 m.) to subsidize the expansion of its new Fab 28 semiconductor factory in Kiryat Gat is a perfect example. The decision still needs final approval by the Finance Ministry, Knesset committees and by Intel corporation. Fierce debate rages.

Read More...

Related Content
Terrance Mintner
June 28, 2017
One foot in

By TERRANCE MINTNER