Posted on 04/29/21
| News Source: i24
US tech giant Intel said on Wednesday that newly appointed CEO Pat Gelsinger will visit Israel next week to announce the establishment of a new campus at a cost of some $200 million to develop "chips of the future."
The company also announced its intention to recruit some 1,000 new employees this year.
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The announcement comes as competition between the world's titans of chipmakers intensifies.
In March, Google appointed Uri Frank, a former executive at Intel Corp., as the new vice president of engineering to lead a team in Israel with the goal of "doubling" the design and build of custom chips, which will be used to improve the performance of its computer systems.
"The Intel campus will be home to 6,000 developers of future computer chip hardware and software. Read more at i24