|
Trending Topics
|
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.