Connect with us

Hi, what are you looking for?

Jewish Business News

High-Tech

Intel, Mobileye Expands R&D Facilities and Manufacturing Capacity in Israel

Intel has already begun the first phase of construction and will invest $10 billion to increase capacity and capability.

L-R Mobileye’s Amnon Shashua, and Intel’s Pet Gelsinger. Credit Lior Deskel/ PR

Intel has will expand its current investment in Israel to grow its product offering, strengthen supply, in order to keep its position as a market-leading innovator.

Intel will make three investments to extend existing research and development (R&D) facilities and increase manufacturing capacity to support a new era of innovation, manufacturing, and product.

The news follows Intel CEO Pat Gelsinger’s visit to Jerusalem. To accelerate the company innovation and development, Intel will invest more money in three areas:

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
  • Intel would expand its current R&D facility in Haifa by establishing IDC12. $200 million investment will be next to Haifa’s new main research and development site. The two centers will work together to create a 6,000-person mega chip design campus. Both current and future workers will have access to hybrid workspaces and open work environments in the new building, which was built with collaboration in mind.
  • Increased Production Capacity – The Kiryat Gat plant, which is already producing at 10nm, will see a significant expansion. Intel has already begun the first phase of construction and will invest $10 billion to increase capacity and capability.
L-R: Yaniv Garty, Intel Israel General Manager, Pat Gelsinger, Intel CEO, Karin Eibschitz-Segal General Manager of Intel Validation Engineering & Intel Israel Development Center, and Daniel Ben Atar, Factory Sort Manufacturing co General Manager. Credit: Intel
  • Brand New Mobileye R&D Campus–Mobileye, is the third investment location. When completed in October 2022, the LEED-certified smart building will be ready to host up to 2700 employees in 128,000 square meters. Plans include a pool, spa, gym, and one-of-a-kind auditorium. Renowned Israel architect Moshe Tzur designed the building that will be completed at a cost of 947,000 NIS. Mobileye, an Intel Company, is growing rapidly and has more than tripled in size and revenue since it was acquired by Intel in 2017.  Mobileye is crucial to Intel’s future. They will make a $400 million investment to convert the current center into a new R&D campus, which will be the largest in Jerusalem.

“I’ve been visiting Israel for four decades, and it’s been incredible to see our company expand from four employees in 1974 to over 14,000 today. Pat Gelsinger said, “Intel Israel is a microcosm of our global business, with investments and innovation through research, growth, and manufacturing at scale in one place.”

“Our continued investments in Israel, together with our acquisitions of Mobileye, the world leader in driving assistance and self-driving solutions, Moovit smart-transit, and Habana Labs for leadership AI, pledge a vibrant future for Intel and Israel for decades to come.”

Israel also plays a key role in designing and producing cutting-edge technologies for Intel’s consumers and stakeholders, ensuring long-term value. It is an Intel global R&D and manufacturing centre, with wafer fabrication plants, computing, communications, and AI R&D teams spread throughout Israel, as well as the Mobileye headquarters in Jerusalem.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.