Canadian-Israeli investment firm Awz Ventures has unveiled plans to build a state-of-the-art semiconductor fabrication plant in Ashkelon, southern Israel. The facility, with an investment of 5 billion shekels, aims to produce advanced chips for both defense and civilian applications. This initiative is considered a strategic national project and will serve as the centerpiece of Awz's new deep-tech center, The RISE, situated in the Tera-Park industrial zone. The development is being carried out in partnership with several Israeli government agencies and local authorities.