Intel has announced plans to build a new 45nm chip plant in Kiryat Gat, Israel. The $3.5 billion Fab 28 will be Intel's seventh 300mm facility (five are currently operational):

SANTA CLARA, Calif., Dec. 1, 2005 - Intel Corporation today announced plans to build a new 300-millimeter (mm) wafer fabrication facility at its site in Kiryat Gat, Israel. The new factory, designated Fab 28, will extend Intel's manufacturing leadership by producing leading-edge microprocessors in the second half of 2008 on 45 nanometer (nm) process technology. Construction on the $3.5 billion project, Intel's second 45nm factory, is set to begin immediately.

"Intel is committed to widening its lead in advanced semiconductor manufacturing," said Paul Otellini, Intel president and CEO. "Our manufacturing network is a strategic asset of unmatched scope and scale that gives Intel the ability to provide customers with leading-edge products in high volume. Today's announcement of a second 45nm high volume factory reaffirms that Intel platforms will contain the most advanced and innovative technology in the world for years to come."

This news article was written on December 2, 2005, quoting Press Release.