Intel Israel exports hit record $4.6 billion for 2012By Mason White 1:01 PM February 18, 2013
|Intel in Israel|
By: David Ross
Intel Israel has announced that its exports rose to a record high of nearly $5 billion last year.
The Israeli subsidiary of Intel more than doubled its exports in 2012 to $4.6 billion and is trying to bring the production of the next generation of company chips to Israel.
Intel’s exports, which increased 109 percent from $2.2 billion in 2011 were driven by the start of production of chips using 22-nanometer technology at its Kiryat Gat plant in southern Israel, which now operating at full capacity.
Intel is currently starting to work on building new smaller and faster 10 nm chips.
Intel executives said that they would like to see the production of the 10 nm chips in Israel.
Intel has invested $10.5 billion in Israel in the last ten years, including $1.1 billion in 2012.
The company accounted for 20 percent of Israel’s high-tech exports last year and 10 percent of its industrial exports, excluding diamonds.
Intel is the largest private employer in Israel, with 8,542 workers, up 10 percent since 2011. The company has two plants, one in Jerusalem and one in Kiryat Gat. Intel also has four research and development centers throughout Israel.