web analytics
May 27, 2015 / 9 Sivan, 5775
At a Glance
News & Views
Sponsored Post


Intel Says It Exported $35 Billion from Israel in 40 Years

Intel is celebrating its 40th year in Israel with a report that it has exported one billion silicon processors worth $35 billion .

Last year, $3.5 billion worth of Intel products were exported from Israel, said the chip-making giant, which has received from the government billions of dollars in grants and enticements to locate and expand in Israel.

Intel has grown into Israel’s largest private employer, with 9.800 workers.

“Without innovation in Israel, the company has no right to exist,” said  Intel Israel president Mooly Eden. “Even as we develop and are at the spearhead of fab technology, we’re constantly moving on to the next technology.”

Intel is in the process of asking the Israeli government for $900 million in grants in return for building another new fab plant in Kiryat Gat, located next to the high-speed north-south Highway 6 that connects Be’er Sheva with access roads to Ben Gurion Airport, Jerusalem and Tel Aviv.

Referring to Intel’s not having caught the fad for mobile devices and tablets, Eden told Globes, “There have been several revolutions. We didn’t respond fast enough, and now that there is a new revolution – wearable technology – the expectation is that we will respond more quickly. The fact that we have to close gaps is not part of Intel’s DNA. We are good in offense, not defense, and we should run faster in the next two years, and show that we’re not just closing gaps, but that we’re leading new trends, such as wearable technology and security.”

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “Intel Says It Exported $35 Billion from Israel in 40 Years”

  1. I hope that when our friends in the BDS read this they do so on their PC with an AMD processor chip

Comments are closed.

Current Top Story
PA's soccer chief Jibril Rajoub, a member of the Fatah Central Committee.
Mass Arrests of FIFA Officials Omit PA Terrorist Rajoub
Latest News Stories
PA's soccer chief Jibril Rajoub, a member of the Fatah Central Committee.

Shurat HaDin calls for expulsion of PA soccer chief Rajoub for inciting terror – hours before Swiss arrests of FIFA officials for various charges of corruption.

Rabbi Shlomo Riskin.

Rabbi Riskin believes the Rabbinate must be prepared to accept Halachic decisions that aren’t Ultra-Orthodox.

The Egyptian flag

The case also called for banning the sale of French satire magazine Charlie Hebdo and the Liberation newspaper in Egypt over “blasphemy against Prophet Mohamed.”

Palestinian chief negotiator Saeb Erekat being carried in a rally last winter.

Saed Erekat: Israel first must agree to all of our terms before we negotiate.

The temperature is expected to reach extreme levels today, drink water.

“In the chaos of the conflict… Hamas…granted its security forces free rein to carry out horrific abuse, amounting to war crimes.”

The Israeli Air Force responded to a rocket attack from Gaza by striking terrorist sites within the Strip.

Information on more than 100,000 US taxpayers was stolen by hackers who breached the IRS.

Hamas terrorist leaders are hiding again as Israel considers a response to Tuesday’s rocket attack.

“In the chaos of the conflict… Hamas…granted its security forces free rein to carry out horrific abuse, amounting to war crimes.”

Efrat Chief Rabbi Shlomo Riskin plans appeal to Supreme Court over fight to stay in his position; city’s mayor also vows support.

European leaders warn that “no deal” is likely between the US-led world powers and Iran by the time talks reach the June 30 deadline.

An Arab vehicle terror attack at the Gush Etzion junction was foiled by Israel Police on Tuesday evening; the terrorist fled towards Beit Fajar, leaving some damage behind.

9:43 PM Barzilai Hospital in Ashkelon is currently moving patients to the bomb shelters, just to be safe. 9:37 PM The army has officially confirmed one rocket hit in Gan Yavne. Islamic Jihad has taken credit for the launch, and it was the result of internal fighting within that terror group in northern Gaza. 9:17 […]

The number of Syrian refugee schoolchildren is going to outstrip the number of Lebanese students, a UN envoy warns.

Bomb threats hampered travel for six international flights to Boston, New York and New Jersey over US Memorial Day weekend.

More Articles from Jewish Press News Briefs
Rabbi Shlomo Riskin.

Rabbi Riskin believes the Rabbinate must be prepared to accept Halachic decisions that aren’t Ultra-Orthodox.

Eller-070414-Sunscreen

The temperature is expected to reach extreme levels today, drink water.

9:43 PM Barzilai Hospital in Ashkelon is currently moving patients to the bomb shelters, just to be safe. 9:37 PM The army has officially confirmed one rocket hit in Gan Yavne. Islamic Jihad has taken credit for the launch, and it was the result of internal fighting within that terror group in northern Gaza. 9:17 […]

The Office of President Reuven Rivlin has denied reports that he will receive on Thursday a citation of honor from the left-wing New Israel Fund (NIF) on Thursday. It clarified that the Jewish-Arab Center at Givat Haviva, which is funded in part by the NIF, is awarding the President. Rivlin’s office stated: The Jewish-Arab Center […]

Effort to depose Rabbi Riskin are revenge against his positions and halachic decisions.

Actress and comedienne Meara Stiller died on Saturday at age 85.

Hezbollah terror chief Hassan Nasrallah is getting very scared of Islamic State’s advances.

Printed from: http://www.jewishpress.com/news/breaking-news/intel-says-it-exported-35-billion-from-israel-in-40-years/2014/01/26/

Scan this QR code to visit this page online: