Intel to Expand Operations in Israel as Part of Global Plan
The company, which is the largest multinational operating in Israel in terms of investments and number of employees, expects to start the multi-year process in 2019
Hagar Ravet : 2018-12-18T11:10:10..
Intel has announced Monday a global expansion of its manufacturing capabilities, as part of its shift from a PC-centric company to a data-centric company. The company is now in the early planning stage regarding the expansion of its sites in Israel, Ireland, and Oregon, and expects to start construction in 2019, with the process spanning several years.
For daily updates, subscribe to our newsletter by clicking here.Intel has not provided financial details about the planned expansion, nor additional information about the scope and nature of the expansion. Final details could depend on incentives given by the Israeli government, as in the case of Intel's already planned $5 billion overhaul of its fab facility in Kiryat Gat, a small town in southern Israel, announced in May.