Intel Israel CEO, Yaniv Garty says along with the expected recruitment of 1,500 new employees, currently 6,900 development workers and 3,300 production workers are employed.
By Tzahi Sade
Speaking at a tour of the technology company Intel’s factory in Kiryat Gat on Thursday, Intel Israel CEO Yaniv Garty noted that production of Intel’s newest generation of chips is scheduled to start by the beginning of 2018 and possibly earlier, and that by the end of 2018 about 1,500 new employees will be recruited.
Intel’s factory in Kiryat Gat – Photo: Globes.co.il
Garty also said that “Intel Israel employs 6,900 development workers and 3,300 production workers and that the company “exports $ 3.35 billion annually. Continue Reading »
In what will be the Jewish State’s largest-ever high-tech acquisition deal to date, the world’s leading maker of computer chips, Intel, announced it is set to purchase Israel’s Mobileye for $15.3 billion.
American computer chip giant Intel is set to purchase Israel’s Mobileye for $15.3 billion, the companies announced in a statement on Monday, in what will be Israel’s largest-ever high-tech acquisition deal.
“The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles,” the statement said.
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“Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.”
As well as being energy-saving, Intel’s latest Israel developed processor provides record-breaking performance rates and are the strongest, fastest processors available to the public.
By MICHAEL ZEFF
Intel announced on Tuesday the official launch of its full line of advanced seventh generation computer processors. According to Intel’s Israel division, the majority of development and design for the new high-performance processors came from the company’s Haifa development center.
Prime Minister Benjamin Netanyahu at the new Intel production line in Kiryat Gat, Monday – Photo: Kobi Gideon, Israel’s GPO
“Today, many of Intel’s core products are being developed through Intel Israel’s development branch, specifically the sixth generation processors that were announced last year and the seventh generation that was just announced today,” Ran Sanderovitz, vice president and general manager of Intel Israel’s development centers, told The Jerusalem Post on Tuesday. Continue Reading »
Intel will spend $6 billion to upgrade its manufacturing plant; Finance Minister Yair Lapid said that “Intel’s investment is a strategic asset for Israel’s industry. This is the biggest investment by a foreign company ever in Israel.”
By Yaakov Levi
Intel will spend $6 billion to upgrade its Kiryat Gat chip manufacturing plant, in one of the biggest single investments ever by a foreign company in Israel. In exchange for the investment, the government will provide Intel with grants and tax breaks over the next ten years. The deal is expected to generate thousands of jobs.
Economics Minister Naftali Bennett with the Intel grant approval –
Courtesy of the Ministry of Economy
Under the deal, Intel will get a grant of $300 million over a five year period, and be eligible for a significant reduction in corporate tax rates over a ten year period. Continue Reading »
Israeli Ministers welcome Intel’s plan to upgrade its Kiryat Gat plant, which involves a reciprocal investment in the Israeli economy.
By Yishai Karov
Major hi-tech and computing company Intel is investing 5-6 billion dollars to upgrade its plant in Kiryat Gat, the company announced Wednesday.
The investment plan includes a deal between the company and the state, by which Intel will receive a 750 million shekel ($216,706,500) construction grant from the government in return for its commitment to invest 5% of the investment money into the Israeli economy.
Prime Minister Benjamin Netanyahu welcomed the investment plan Wednesday night.
“This investment plan is the result of the process we’ve been working on for several years,” the Prime Minister stated. Continue Reading »
Snowden provided secret document to the Guardian that indicates US gov’t gave Israel intercepted communications likely to contain emails & phone calls from American citizens.
Documents also suggests Israel ‘3rd most aggressive intel service against U.S.’
The National Security Agency routinely shares raw intelligence data with Israel without first sifting it to remove information about US citizens, a top-secret document provided to the Guardian by whistleblower Edward Snowden reveals.
Edward Snowden – Screenshot: Laura Poitras/Wikimedia Commons
The British newspaper said details of the intelligence-sharing agreement are laid out in a memorandum of understanding between the NSA and its Israeli counterpart that shows the US government handed over intercepted communications likely to contain phone calls and emails of American citizens. Continue Reading »
Intel is in negotiations to buy Omek Interactive, a Beit Shemesh-based start-up that develops software that creates an interface for identifying gestures through the use of 3-dimensional cameras.
The multinational chip giant Intel is reportedly in negotiations to acquire Omek Interactive, a Beit Shemesh-based start-up that develops gesture-recognition and tracking technology.
Intel’s offices in Israel.- Photo by Courtesy of Intel Israel
Intel competitors Qualcomm and Samsung are also considering bidding on the Israeli company, according to a report published Friday by the website VentureBeat. The article quoted one source, however, as saying a bidding war for Omek is unlikely. Continue Reading »
Intel Israel once again is hanging out the “help wanted” sign as the company says the Israeli branch provides it with 40 percent of its profits.
Maxine Fassberg, general manager of Intel Israel, told the company’s annual news conference in the southern city of Kiryat Gat, 20 miles north of Be’er Sheva, that it will hire another 600 employees this year.
Intel Israel hired 700 new employees last year, bringing its total work force in Israel to 7,800.
“Intel Israel’s exports totaled $22.4 billion in 1999-2011,” said Fassberg, and last year’s exports totaled $2.2 billion, helping Israel’s balance of trade and strengthening the shekel. Continue Reading »