Intel Israel today printed data summarizing its operations in 2021, as portion of the company’s company responsibility report. Intel Israel’s exports rose to $8.1 billion final calendar year, a little above $8 billion in 2020. The Kiryat Gat plant was responsible for 70% of Intel’s exports although the improvement centers had been liable for the other 30%.

Even though $8.1 billion is a new document, it only represented a increase of just more than 1%, though Intel’s exports from Israel rose 21% in 2020 and 70% in 2019. Intel characteristics the compact rise in exports to the simple fact that the new plant in Kiryat Gat (Fab 28) is now operating at whole capacity and there are no selections for increasing production. Intel is making a new plant in the town (Fab 38) at a price tag of $10 billion.




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Intel’s exports represented 11% of Israel’s overall exports in 2021 as opposed with 14% of the country’s total exports in 2020. This slide demonstrates the history calendar year that Israel’s tech exports appreciated, so that Israel’s dependence on Intel as the country’s most significant employer was slightly minimized.

Intel’s workforce did not substantially rise final calendar year. The company has 14,000 staff members in Israel which includes 2,000 at Mobileye. However, when the completion of the acquisition of Tower Semiconductor is finished, Intel Israel will have a further 1,000 staff members. Intel also purchased two Israeli startups past year – Granulate for $650 million and Screenovate for $100 million.

In accordance to Intel, the corporation acquired products for $2.2 billion in Israel in 2021 as component of its reciprocal procurement commitments, up 25% from its procurements in 2020. The explanation for the rise was development get the job done on the new Kiryat Gat fab.

Released by Globes, Israel business information – en.globes.co.il – on July 6, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


