Sources close to the negotiations between
(Nasdaq:INTC) and the Israeli government believe there is only a 50% chance that a new Intel plant in Kiryat Gat will ever be built, as reported by the Israeli business newspaper
Sources say Intel, which is currently undergoing strategic changes in light of the global slowdown in the computer market, will not have enough time to submit its investment plan for the new plant. Intel has a 90-day period within which it must hand in its plan. Sources say that Intel has a far greater chance of expanding its old plant than building a new one.