In a move that could have profound implications for the Israeli economy and high-tech industry, the U.S. chipmaker Intel on Thursday signaled it may give up manufacturing its own components after falling far behind schedule developing its newest technology. CEO Bob Swan did not outline a plan for outsourcing production, but such a move could include the company’s giant fabrication plant in Kiryat Gat south of Tel Aviv. Intel is by far Israel’s biggest tech manufacturer and employer.
