(photo credit: Intel Israel)
Intel Israel Ltd. said Tuesday that it will recruit 1,000 new employees in 2011
to develop and upgrade its Kiryat Gat factory, which will produce 22 nanometer
technology for semiconductors.
“We are going to invest $2.7 billion in
the next two years in 22 nanometer technology. We will undertake it in our clean
room with additional workforce but without building another factory,” said
Maxine Fassberg, Intel Israel’s general manager at a press conference in Tel
Aviv on Tuesday. “There will be an exchange of machinery that will lower the
pace of production while we are bringing in the machinery with new technology at
the same time.”
The investment in the Kiryat Gat factory includes a
government grant of NIS 740 million.
Intel Israel currently has 7,057
employees and Fassberg said that the company indirectly employs an additional
Intel Israel exported $2.7b. in 2010, down from $3.4b. in
2009 but up from $1.39b. in 2008, and $1.54b. in 2007.
had revenues of $43.6b. in 2010.
In 2010, Intel implemented $264m. in
reciprocal procurements in Israel, and also purchased production machinery worth