Only 50% chance that Intel's new plant will be built
Sources say investment plan unlikely to be submitted within 90-day deadline
Sources say investment plan unlikely to be submitted within 90-day deadline
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
Globes
.
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.
