Intel Makes Large-Scale Investment in Israel Following the US

$600 Million Invested to Strengthen Technologies Including Autonomous Driving
$10 Billion Invested in New Factory Construction
Previously Announced $20 Billion Investment in the US

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The world's largest semiconductor company, Intel, announced a large-scale investment in Israel, including research and development (R&D) and semiconductor manufacturing plants.

Intel, which has been strengthening semiconductor production expansion in the United States, is interpreted as having the intention to develop Israel as a base for next-generation growth engines.

On the 2nd (local time), Intel announced in a statement related to CEO Pat Gelsinger's visit to Israel that it will invest $400 million to develop the R&D organization of its subsidiary, autonomous driving company Mobileye, as the core of autonomous driving technology.

Intel also announced that it will invest $200 million to build a new semiconductor design center. Intel expects 6,000 people to work at the new R&D center.

Previously, Intel acquired a series of Israeli companies such as Mobileye, Habana, and Moovit. These companies specialize in autonomous driving, AI, and traffic information.

Separately, Intel also disclosed that it has started constructing a $10 billion semiconductor plant in Israel. The new plant will produce semiconductors using a 10-nanometer process. Intel had previously announced plans to invest $20 billion in Arizona, USA, to build two plants with a 7-nanometer process.

CEO Gelsinger met with Israeli Prime Minister Benjamin Netanyahu on the same day to discuss semiconductor industry development and cooperation.

According to foreign media, Intel accounts for 14% of Israel's high-tech exports and 2% of Israel's gross domestic product.

This content was produced with the assistance of AI translation services.