Massive new chip plant in Ashkelon

Canadian-Israeli VC fund Awz Ventures announced plans to build a chip manufacturing plant at an initial investment of NIS 5 billion ($1.6 billion) in the coastal city of Ashkelon. It will produce III-V semiconductors for use in advanced tech, such as AI and specialized defense arrays.

https://www.timesofisrael.com/specialized-chip-plant-to-be-built-in-ashkelon-israeli-canadian-fund-announces/

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