Yoram EttingerStraight from the Jerusalem Boardroom #227, February 21, 2018
1. Intel has announced a $4.5BN-$5BN expansion of its southern Israel plant (in Kiryat Gat) – which is one of the world’s most advanced chip manufacturing facilities – for the next three years, following a 2016-2017 $6BN upgrade of the same facility. The two rounds of investment are, probably, related to Intel’s March, 2017 $15.3BN acquisition of Mobileye, the Jerusalem-based developer of advanced vision and autonomous-driving assistance systems. Intel acquired eight Israeli companies.
Since 1998, “Intel Capital” has invested in 18 Israeli startups.
During the last decade, Intel’s total purchase of Israeli goods and services was $10BN (Globes Business Daily, February 19, 2018).
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