In a blow to Israel, Intel suspends its planned $25 billion investment in the country

Intel is halting its plans for a $25-billion factory in Israel, according to the Israeli financial news website Calcalist, Reuters reported on Tuesday.

In December, Israel's government announced it would give Intel a $3.2-billion grant to build the chip plant in southern Israel.

It is unclear if Israel's ongoing conflicts with its neighbors or the numerous international criminal investigations against Israel and its leaders for suspected war crimes and genocide in Gaza influenced this decision.