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May 3, 2021       Share:    

Source: https://www.reuters.com/article/intel-israel/update-1-intel-to-invest-600-mln-to-expand-chip-mobileye-rd-in-israel-idUSL8N2MP0FB

Intel to Invest $600 Million to Expand Chip, Mobileye R and D in Israel

(Reuters) Steven Scheer - Intel Corp said on Sunday it will invest another $600 million in Israel to expand its research and development, and confirmed it was spending $10 billion on a new chip plant. Intel is investing $400 million to turn its Mobileye unit headquartered in Jerusalem into an R and D campus for self-driving car technologies. Another $200 million will be invested in building a "mega chip design" facility in Haifa next to its current development center. Intel Israel's exports grew to a record $8 billion in 2020 - 14% of Israel's total high-tech exports and 2% of its GDP.

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