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. New Intel CEO Pat Gelsinger visited Israel on Sunday. Photo: Courtesy
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 centre.
Intel said the mega chip design facility will have a capacity of 6,000 employees. Intel announced last week
JERUSALEM Intel Corp said on Sunday it will invest another $600 million in Israel to expand its research and development (R&D) and confirmed it was spending…
Intel says the semiconductor chip shortage will last at least another two years, Apple’s iOS 14.5 has arrived, and giant paydays for CEOs are rubbing the internet the wrong way.
It’s all the tech news that’s popular right now. Welcome to Hashtag Trending! It’s Tuesday April 27 and I’m your host Baneet Braich.
Intel isn’t mincing words: The semiconductor chip shortage will last at least another two years. This is bad news for, well everyone. Recently, reports about the auto industry’s struggles have made it clear that many factories are idle or closed because of the chip shortage. The shortage has also slowed down the overall recovery from the pandemic and keeping the auto industry from making up for lost sales. Car buyers may purchase a new car however, it may lack options that use specialized chips. A major reason for the chip shortage in the auto industry is because semiconductor manufacturers are prioritizing manufacturers of smartphones, video game consoles an