(photo credit: Intel Israel)
Intel Corp. on Sunday announced an agreement with Idaho-based Micron to take
possession of a Kiryat Gat manufacturing facility it had leased to the company,
which had been set to close within two years. It plans to hire the roughly 800
employees working there on a full time basis.
“The current deal with
Micron once again exhibits Intel Corporation’s longtime commitment to Intel
Israel and to the State of Israel,” said Intel Israel general-manager Maxine
“Micron Israel has talented people who will contribute to
Intel’s continuous growth and development.”
The deal is expected to close
by the end of the year.
The decision by Intel, already Israel’s largest
private- sector employer, to boost its workforce further drew praise from both
Finance Minister Yair Lapid and Economy and Trade Minister Naftali
“1000 jobs!” Lapid wrote on his Facebook page, rounding the
number of saved employees up. The decision added to his goal of “creating more
and more work places in the periphery, maintaining the country at the forefront
of global technology and taking care of the Israeli middle class.”
see in this a vote of confidence in Israel as a hi-tech superpower and a
strategic target,” added Bennett. “I see great importance in the continued
employment of Micron workers in the framework of Intel and and hope for the
company’s continued investment in Israel in the future.
to invest in Micron illustrates that government intervention should be moderate
and leave the room for market powers to to find their own solutions,” he
Following the transaction, Intel is set to manufacture NOR flash
memory for Micron.