BREAKING NEWS

Intel Israel hiring 600 employees in 2012

By SHMULIK SHELACH, YOSSI NISSAN/GLOBES

MARCH 18, 2012 17:16

The Sandy Bridge chip developed by Intel Israel Ltd. accounts for 40% of Intel Corporation's revenue, said Intel Israel general manager Maxine Fassberg at the company's annual press conference at its Fab 28 in Kiryat Gat Sunday. She added that the company would hire 600 employees in 2012. Intel Israel currently has 7,800 employees, and hired 700 new employees in 2011.

"Intel Israel's exports totaled $22.4 billion in 1999-2011," said Fassberg. The company's exports totaled $2.2 billion in 2011.

Fassberg said that Intel had invested $9.4 billion in Israel to date, including $1.3 billion in government grants. Intel Israel made $628 million in reciprocal procurements from Israeli companies and estimates its contribution to the Israeli economy at $4.1 billion.

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