Intel Israel's 2014 exports total $4.25b

Intel

Exports by Intel Israel rose 10% last year, and total $39 billion over the 41 years of its activity.

Intel Israel's exports rose by 10% in 2014, and it is spending $800 million on upgrading its fabs, according to figures released today.

Intel Israel's exports totaled $4.25 billion in 2014 (accounting for about 4% of Israel's total exports of goods and services), compared with $3.8 billion in 2013. In its 41 years of activity in Israel, Intel Israel has notched up exports totaling $39 billion.

One of the largest projects that Intel Israel is currently working on is the upgrade of its fabs in Kiryat Gat. According to Intel Israel's estimates, construction costs will total $800 million. Intel will construct a 5,000 square meter building bridging between the two fabs in which robots will move silicon wafers between them: the Intel fab (Fab 28) and the fab that Intel bought from Micron.

Intel has undertaken to carry out procurement in Israel totaling $1.87 billion annually over ten years as part of the investment program, mainly from small and mid-size Israeli suppliers.

Intel Israel is one of Israel's largest employers, with a headcount of 10,085 at the end of 2014, compared with 9,855 at the end of 2013.

Published by Globes [online], Israel business news - www.globes-online.com - on February 9, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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