In an unstable business environment, where US companies are scaling back and weathering bad times, Intel has made a surprising business move. The chipmaker announced in January that it will invest $2.7 billion in its Israeli plant in southern Israel, which will produce next-generation 22-nanometer chips.
It is expected that 22-nanometer technology will make our computers faster, smaller and lighter.
Not willing to elaborate on what exactly this will mean for our everyday lives, Intel Israel’s spokesman Koby Bahar tells ISRAEL21c that “it will be the most advanced technology” available.
The investment is earmarked for upgrading the technology, and not for enlarging the existing fabrication plant, he stresses.
Bahar notes that Intel has also made new investments in the United States and has spent $500 million to re-open a facility in Ireland. Adding Israel to its investment plans just makes business sense.
“Intel decided to invest here because it’s worthwhile,” he says. “Because we have a good record for Israel and Intel.”