Intel CEO confirms huge investments in Israel


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On a 24-hour visit to Israel as part of a European tour, Intel CEO Pat Gelsinger spoke of massive investments planned in Israel. He confirmed that Intel began building a chip factory in Kiryat Gat, next to its current factory, Fab 28, which produces 10 nanometer chips, and is investing $ 10 billion in the project. Gelsinger also said that Intel is investing $ 400 million in converting the Mobileye autonomous car technology plant in Jerusalem into an expanded campus in addition to $ 200 million in a new campus in the Matam Industrial Zone in Haifa. Related materials The president of Intel is holding a meeting with Netanyahu, Intel to build a new campus in Haifa, and employ the 1,000 Israeli chip makers that need. Four employees in the past, to more than 14,000 employees today. I see Intel Israel as a microcosm of Intel worldwide, a leader in innovation, research, development and large-scale production, and we are investing accordingly. He added, “Our continued investment in expanding our existing R&D centers and expanding production capacity in Israel in addition to our acquisitions of Mobileye, which leads the world in solutions to assist autonomous driving, and Moovit and Habana Labs, which lead the field of artificial intelligence. , Promises an exciting future for Intel and for Israel for decades to come. ”Published by Globes, Israel business news – en.globes.co.il – May 3, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021


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