Minister of Finance Moshe Kahlon announced on Tuesday, "A tremendous achievement for the Ministry of Finance and further strengthening of Israel's position as a rising force in the global economy."
Writing on his Twitter account, Kahlon said, "After two years of intensive work, a few minutes ago, the CEO of Intel informed me that the company had accepted our proposal and decided to invest about NIS 18 billion (about $5million) in Israel. A huge piece of good news for the economy and the citizens."