Intel to set up plant in Israel with record investment

JERUSALEM, June 18 (Xinhua) -- The U.S. computer chip giant Intel will set up a new factory in Israel at an investment of $25 billion U.S. dollars, the highest investment by a foreign company in the country, the Israeli Finance Ministry said in a statement on Sunday.

The plant will be established in the southern city of Kiryat Gat and is expected to employ thousands of workers at wages "higher than the average in