Intel Israel’s exports only rose slightly in 2021
Intel Israel now revealed data summarizing its functions in 2021, as element of the company’s company obligation report. Intel Israel’s exports rose to $8.1 billion final yr, marginally previously mentioned $8 billion in 2020. The Kiryat Gat plant was dependable for 70% of Intel’s exports though the advancement facilities were responsible for the other 30%.

Even though $8.1 billion is a new record, it only represented a rise of just around 1%, although Intel’s exports from Israel rose 21% in 2020 and 70% in 2019. Intel attributes the tiny increase in exports to the truth that the new plant in Kiryat Gat (Fab 28) is now operating at complete capability and there are no choices for rising generation. Intel is building a new plant in the city (Fab 38) at a charge of $10 billion.




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Intel’s exports represented 11% of Israel’s general exports in 2021 as opposed with 14% of the country’s in general exports in 2020. This slide demonstrates the record 12 months that Israel’s tech exports savored, so that Israel’s dependence on Intel as the country’s most important employer was slightly decreased.

Intel’s workforce did not significantly increase previous yr. The business has 14,000 workforce in Israel which include 2,000 at Mobileye. Even so, when the completion of the acquisition of Tower Semiconductor is accomplished, Intel Israel will have an additional 1,000 workers. Intel also purchased two Israeli startups previous yr – Granulate for $650 million and Screenovate for $100 million.

In accordance to Intel, the firm purchased goods for $2.2 billion in Israel in 2021 as part of its reciprocal procurement commitments, up 25% from its procurements in 2020. The purpose for the rise was building operate on the new Kiryat Gat fab.

Revealed by Globes, Israel business news – en.globes.co.il – on July 6, 2022.

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


