On June 11th, it was reported that Intel is discontinuing its plan to invest $25 billion to build a factory in Israel. When asked about the report, Intel stated the need to adapt major projects to constantly changing schedules, but did not directly mention the project. Intel stated that Israel remains one of the company's important global production and research and development bases. The Israeli government announced at the end of last year that Intel would invest $25 billion to build a chip factory in Israel, and called this move "significant.". (Israel Economist)