Intel has made an unrivaled contribution to Israeli science and technology,
President Shimon Peres said Thursday during a tour of the company’s Fab 28 plant
in Kiryat Gat.
During his tenure as finance minister in the late 1980s,
he was responsible for the agreement that brought Intel to Israel, Peres
On Thursday, he visited the plant’s “Clean Room,” in which silicon
chips are manufactured, met with Intel Israel president Muli Eden and CEO Maxine
Fassberg and addressed about 500 of the plant’s 3,500 workers.
credited Intel’s local success to sensitive and decisive management, saying the
company knows not only how to manage machinery but also how to manage
Responding to skepticism over the generous tax breaks and other
investment benefits the government has provided Intel over the years, he said
the company has more than justified all the hope invested in it.
has returned through taxes all the funds it has ever received from the State of
Israel – and then some,” Peres said. “The greater the investment, the more we
get in return.”
“Who ever imagined that Kiryat Gat would be one of the
most important places in the world for technology, the Everest of technological
science?” he said. “This plant has given Israel the momentum to reach the peak
of technology. It is transforming Israel into the land of milk, honey and
Greer Fay Cashman contributed to this report.