May. 3, 2021 1:03 PM
Intel said on Sunday it will invest another $600 million in Israel to expand its research and development (R&D) and confirmed it was spending $10 billion on a new chip plant.
The announcement was made during a one-day visit to Israel by Intel Chief Executive Pat Gelsinger as part of a European tour that included Germany and Belgium last week.
Intel is investing $400 million to turn its Mobileye unit headquartered in Jerusalem into an R&D campus for developing self-driving car technologies.
Another $200 million will be invested in building an R&D center, called IDC12, in the northern port city of Haifa next to its current development center.
Intel said on Sunday it will invest another US$600 million in Israel to expand its research and development (R&D) and confirmed it was spending US$10 billion on a new chip plant.
The announcement was made during a one-day visit to Israel by Intel Chief Executive Pat Gelsinger as part of a European tour that included Germany and Belgium last week.
Intel is investing US$400 million to turn its Mobileye unit headquartered in Jerusalem into an R&D campus for developing self-driving car technologies.
Another US$200 million will be invested in building an R&D centre, called IDC12, in the northern port city of Haifa next to its current development centre.
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Intel said on Sunday it will invest another US$600 million in Israel to expand its research and development (R&D) and confirmed it was spending US$10 billion on a new chip plant.
The announcement was made during a one-day visit to Israel by Intel Chief Executive Pat Gelsinger as part of a European tour that included Germany and Belgium last week.
Intel is investing US$400 million to turn its Mobileye unit headquartered in Jerusalem into an R&D campus for developing self-driving car technologies.
Another US$200 million will be invested in building an R&D centre, called IDC12, in the northern port city of Haifa next to its current development centre.
Synopsis
Intel is investing $400 million to turn its Mobileye unit headquartered in Jerusalem into an R&D campus for developing self-driving car technologies.
Samayam Telugu
Intel said on Sunday it will invest another $600 million in Israel to expand its research and development (R&D) and confirmed it was spending $10 billion on a new chip plant. The announcement was made during a one-day visit to Israel by Intel Chief Executive Pat Gelsinger as part of a European tour that included Germany and Belgium last week. Intel is investing $400 million to turn its Mobileye unit headquartered in Jerusalem into an R&D campus for developing self-driving car technologies.