AWZ Backs Major Israel Chip Plant
Categories: Hi-Tech
Canadian investment fund AWZ will invest NIS 5 billion to build a new semiconductor plant in Ashkelon’s Tera Park, with the total project potentially reaching NIS 40 billion.
The 70,000-sqm site will include R&D labs, silicon-wafer fabrication, and advanced chip assembly and testing operations, employing roughly 350 people, including 150 in R&D. AWZ aims to produce III–V chips integrated into silicon for AI, quantum computing, 5G/6G, and defense-tech applications.
The initiative is moving forward with support from the Ministry of Economy, the Innovation Authority, and the Israel Land Authority, marking a significant boost for Israel’s semiconductor and deep-tech industries.
Read more in Globes.
