The Israeli government announced on Monday that it has approved a plan submitted by Intel last April to upgrade its Kiryat Gat fabrication plant likely putting to an end the long-running drama of where the company would manufacture its new 10mm chips.

The chips are seen as crucial to Intel, as they will feature in the wearable, Internet of Things, and Perceptual Computing devices that Intel sees a big future in.

Although the announcement did not contain any details of exactly what Intel would be doing at the plant, it said the upgrade would turn the fab into "the world's most advanced technology for the production of micro-electronic components".