Intel Delays Announcing Large Investment To Avoid Supporting Netanyahu

FILE - In this Oct. 3, 2018, file photo the Intel logo appears on a screen at the Nasdaq MarketSite, in New York's Times Square. (AP Photo/Richard Drew, File)

Intel had a meeting scheduled with government officials in Jerusalem on Monday about its plans to expand its investments in Israel by an additional $20-25 billion, Calcalist reported.

However, according to the report, the company delayed the meeting after realizing it fell out on the same day that the first judicial reform laws are being brought for a vote in the Knesset, while thousands of leftists demonstrate outside

Sources involved in the scheduled meeting told Calcalist that Intel postponed the meeting due to concern that the announcement of a large investment at this time would be viewed as political support for the government of Prime Minister Binyamin Netanyahu. Protestors against the judicial reform, including opposition leader Yair Lapid, claim that if the judicial reform passes, it will lead to “economic disaster.”

Intel refused to comment on the report.

(YWN Israel Desk – Jerusalem)