TEL AVIV (Reuters) - Israel's finance and economy ministries on Monday approved a plan by Intel Corp to invest $6 billion in the upgrade of its chip manufacturing plant, in what would be the largest single investment by a foreign company in the country. Intel will receive a government grant of $300 million (183.65 million pounds) over five years and will be eligible to pay a corporate tax rate of only 5 percent for a 10-year period, the ministries said. The U.S. ...
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