Intel Israel right now published information summarizing its operations in 2021, as section of the firm’s corporate responsibility report. Intel Israel’s exports rose to $8.1 billion past yr, a little higher than $8 billion in 2020. The Kiryat Gat plant was accountable for 70% of Intel’s exports even though the improvement centers were liable for the other 30%.

Whilst $8.1 billion is a new history, it only represented a rise of just over 1%, while Intel’s exports from Israel rose 21% in 2020 and 70% in 2019. Intel attributes the tiny rise in exports to the fact that the new plant in Kiryat Gat (Fab 28) is now running at full capability and there are no choices for rising production. Intel is making a new plant in the city (Fab 38) at a price tag of $10 billion.




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Intel’s exports represented 11% of Israel’s all round exports in 2021 in contrast with 14% of the country’s total exports in 2020. This fall demonstrates the history year that Israel’s tech exports loved, so that Israel’s dependence on Intel as the country’s most significant employer was somewhat decreased.

Intel’s workforce did not considerably rise very last calendar year. The corporation has 14,000 staff in Israel including 2,000 at Mobileye. Even so, when the completion of the acquisition of Tower Semiconductor is completed, Intel Israel will have a further 1,000 employees. Intel also purchased two Israeli startups very last 12 months – Granulate for $650 million and Screenovate for $100 million.

According to Intel, the firm ordered products for $2.2 billion in Israel in 2021 as aspect of its reciprocal procurement commitments, up 25% from its procurements in 2020. The motive for the rise was design perform on the new Kiryat Gat fab.

Printed by Globes, Israel organization news – en.globes.co.il – on July 6, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


