Asia Tech Wire (June 11) -- Intel Corp. is halting plans to invest $25 billion in a factory in Israel, according to Israeli media outlet Calcalist.

In response, Intel said it needs to adapt big projects to changing schedules, but did not directly mention the project.

The U.S. chipmaker said Israel remains one of the company's key global manufacturing and research and development sites.

The Israeli government said late last year that Intel would invest $25 billion in a chip factory in Israel, calling the move significant.