Intel’s export from Israel totaled $6.6 billion in 2019, up from $3.9 billion in 2018, according to data the company released Sunday. The company’s total export from Israel over its 46 years of operations in the country has now surpassed $60 billion.
Including the employees at subsidiary Mobileye, Intel currently employs 13,700 people in Israel. The company invested $20.5 billion to date in setting up local development centers and manufacturing facilities. In late 2019, the company opened a new development center in central Israeli town Petach Tikva, where 1,800 of its employees are housed.
Intel is one of the most active multinationals in Israel in terms of investments and acquisitions, with its latest deal being the $2 billion purchase of Tel Aviv-based artificial intelligence chip developer Habana Labs. In 2019, the corporation also spent $1.8 billion on buying from local companies, with 75% of the money going to small and medium businesses. Read more at Algemeiner