Intel backs away from Israel as a sight for next-gen fab expansion to focus on Ohio, remains committed to Israel as largest tech employer.

- Intel has halted construction of a new $25 billion factory in Israel - The Ministry of Finance was aware of Intel's decision - The new plant was announced in December and was supposed to be built in Kiryat Gat - Intel's suppliers received notice of the cancellation of contracts - Intel remains committed to Israel but decisions are based on business conditions and market dynamics.