Intel Israel currently posted details summarizing its functions in 2021, as component of the firm’s company duty report. Intel Israel’s exports rose to $8.1 billion very last year, a bit above $8 billion in 2020. The Kiryat Gat plant was responsible for 70% of Intel’s exports although the advancement centers were accountable for the other 30%.

When $8.1 billion is a new document, it only represented a rise of just above 1%, though Intel’s exports from Israel rose 21% in 2020 and 70% in 2019. Intel attributes the tiny increase in exports to the fact that the new plant in Kiryat Gat (Fab 28) is now operating at total potential and there are no alternatives for escalating output. Intel is creating a new plant in the metropolis (Fab 38) at a value 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 in general exports in 2020. This tumble displays the document 12 months that Israel’s tech exports savored, so that Israel’s dependence on Intel as the country’s largest employer was a little bit decreased.

Intel’s workforce did not considerably increase past yr. The enterprise has 14,000 employees in Israel including 2,000 at Mobileye. Having said that, when the completion of the acquisition of Tower Semiconductor is done, Intel Israel will have one more 1,000 workers. Intel also acquired two Israeli startups very last 12 months – Granulate for $650 million and Screenovate for $100 million.

According to Intel, the organization procured items for $2.2 billion in Israel in 2021 as portion of its reciprocal procurement commitments, up 25% from its procurements in 2020. The motive for the increase was building work on the new Kiryat Gat fab.

Published by Globes, Israel company news – en.globes.co.il – on July 6, 2022.

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


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