Tag Archive for Intel Israel

Intel to invest $10B on new Israel plant creating 1,000 new hi-tech jobs

Beating both Ireland or Singapore in the bid to host new Intel plant, Israel dedicates 90 acres for new plant in Kiryat Gat, creating 1,000 new jobs for the US technology company’s $10-billion investment.
– Israel’s Finance Minister Moshe Kahlon, “This is the largest investment ever made in the State of Israel.”

By Gad Lior

 

The US technology company Intel Corporation has announced it is making a $10-billion investment in a new plant in Israel, that will create around 1,000 jobs over the next few years.

Intel Vice President Daniel Benatar and Intel Israel CEO Yaniv Garty informed Finance Minister Moshe Kahlon and Economic Minister Eli Cohen on Monday that the company’s management decided to make the huge investment in Israel instead of in Ireland or Singapore, which competed against Israel for the establishment of the new plant. Continue Reading »

Intel launches 7th generation processors designed & developed in Israel

 

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

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 »

Netanyahu inaugurated $6 billion Intel production line in Southern Israel

 

PM Netanyahu went to Kiryat Gat to visit Israel’s new Intel production line that created 1,000 new jobs. “This is where the vision of the future comes true in the present,” Netanyahu said.

By Gadi Golan

 

Prime Minister Benjamin Netanyahu on Monday inaugurated the new Intel production line in Kiryat Gat, in southern Israel, where the American technology giant maintains a semiconductor fabrication plant.

The new, $6 billion production line, was set up with a $300 million government grant, creating 1,000 new jobs.

Prime Minister Benjamin Netanyahu at the new Intel production line in Kiryat Gat, Monday - Photo: Kobi Gideon, Israel's GPO

Prime Minister Benjamin Netanyahu at the new Intel production line in Kiryat Gat, Monday – Photo: Kobi Gideon, Israel’s GPO

“The national revolution is to eliminate the [notion of a] periphery called Kiryat Gat, Beersheba, Afula and Yokneam,” Netanyahu said during his tour of the facility. Continue Reading »

Intel Plans Investment of $6 Billion Dollars in Israel

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 »