[ad_1]
Intel Israel as we speak printed knowledge summarizing its operations in 2021, as a part of the corporate’s company accountability report. Intel Israel’s exports rose to $8.1 billion final 12 months, barely above $8 billion in 2020. The Kiryat Gat plant was answerable for 70% of Intel’s exports whereas the event facilities had been answerable for the opposite 30%.
Whereas $8.1 billion is a brand new report, it solely represented an increase of simply over 1%, whereas Intel’s exports from Israel rose 21% in 2020 and 70% in 2019. Intel attributes the small rise in exports to the truth that the brand new plant in Kiryat Gat (Fab 28) is now working at full capability and there aren’t any choices for growing manufacturing. Intel is constructing a brand new plant within the metropolis (Fab 38) at a price of $10 billion.
RELATED ARTICLES
Intel buys Israeli cloud optimization co Granulate
Mobileye confidentially information for Wall Avenue IPO
Intel acquires Israeli co Screenovate for $100m
Israel has main function to play in Intel revival
Intel’s exports represented 11% of Israel’s general exports in 2021 in contrast with 14% of the nation’s general exports in 2020. This fall displays the report 12 months that Israel’s tech exports loved, in order that Israel’s dependence on Intel because the nation’s largest employer was barely lowered.
Intel’s workforce didn’t considerably rise final 12 months. The corporate has 14,000 staff in Israel together with 2,000 at Mobileye. Nevertheless, when the completion of the acquisition of Tower Semiconductor is accomplished, Intel Israel can have one other 1,000 staff. Intel additionally purchased two Israeli startups final 12 months – Granulate for $650 million and Screenovate for $100 million.
In response to Intel, the corporate bought items for $2.2 billion in Israel in 2021 as a part of its reciprocal procurement commitments, up 25% from its procurements in 2020. The explanation for the rise was building work on the brand new Kiryat Gat fab.
Printed by Globes, Israel enterprise information – en.globes.co.il – on July 6, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
[ad_2]
Source link