Tag: Intel

Intel operates four development and production facilities in the Jewish State, employing close to 12,000 people across the country.

Intel will pay Tower a termination fee of $353 million.

Intel has declined to announce exactly how many employees it plans to let go, but according to multiple reports, thousands of workers will lose their jobs beginning in June, including in Israel.

The full-service health and fitness center on the roof of the office building that was planned was expected to offer “an amazing sea view.”

Rounding out the top 10 are Intel, Meta, SAP, IBM, Tidhar Group, ISR-Israel Railways, Ezer Mizion and Apple.

The Israel-based company’s shares will hit the market at a price of $21, raising some $861 million at a valuation of $16.7 billion.

Intel acquired the Israeli company in 2017 for $15.3 billion.

As much as $100 million is being set aside for severance packages and to retain 70 workers.

Based in northern Israel, Tower is a foundry for analog semiconductors in global high-growth markets such as mobile, automotive and power.

Construction is expected to begin soon and be completed by 2023.

The date set by the Health Ministry for the start of the population-wide vaccination is one week from today, on December 20.

Daniel Benatar has been appointed the company's global deputy for chip manufacturing.

Intel Capital has previously backed Moovit in a strategic investment.

Habana Labs develops programmable deep learning accelerators for the data center.

Intel acquired Mobileye in 2017 for $15.3 billion, constituting the largest acquisition in the history of Israeli hi-tech.

The massive 75,000 sq. meter (approx. 800,000 sq. ft.) building will host 2,000 employees from the former Petah Tikva and Ra’anana campuses.

Intel's management has been playing coy about the deal, claiming the deal is still open and the plant could be based in Ireland, the US or Israel.

“The visit highlights our commitment to Israel and our belief that Israel is a catalyst in promoting the technology that will drive the coming era."

The investment, which will be spread out over the next two years, is expected to inject new life into the hi-tech sector in the periphery.

There are another 350 multinational firms currently engaging with Israeli innovation one way or the other as well.

The new Intel chip, made in Israel, makes networks more efficient and extends the life of customer device batteries.

Two mega deals accounted for 72 percent of the exit money.

Visa, Barclays, Amazon, Renault and Bosch have joined more than 70 international R&D centers in Tel Aviv, a city where one out of every 10 jobs is in the high-tech sector.

his follows Intel’s acquisition of Israeli company Mobileye in the spring for $15 billion.

Mobileye develops vision-based advanced driver assistance systems that provide warnings to prevent and mitigate collisions.

Intel Corporation is purchasing Mobileye, an Israeli technology company that develops vision-based advanced driver assistance systems.

Fox Sports teamed up with Intel to use the new technology in its broadcasts on Super Bowl Sunday.

TEVA and INTEL are teaming on a new joint technology project designed to help relieve the suffering of patients with Huntington's disease.

Some blame Intel's management's failure to steer the ship right for the massive, painful layoffs.

Israeli Arabs are raising their voices against their own MKS and terror that are ruining normal life for Arabs.