Intel Israel's exports only rose slightly in 2021

Intel Kiryat Gat Photo: Eyal Izhar
Intel Kiryat Gat Photo: Eyal Izhar

Intel's exports represented 11% of Israel's overall exports last year, down from 14% in 2020.

Intel Israel today published data summarizing its operations in 2021, as part of the company's corporate responsibility report. Intel Israel's exports rose to $8.1 billion last year, slightly above $8 billion in 2020. The Kiryat Gat plant was responsible for 70% of Intel's exports while the development centers were responsible for the other 30%.

While $8.1 billion is a new record, it only represented a rise of just over 1%, while Intel's exports from Israel rose 21% in 2020 and 70% in 2019. Intel attributes the small rise in exports to the fact that the new plant in Kiryat Gat (Fab 28) is now operating at full capacity and there are no options for increasing production. Intel is building a new plant in the city (Fab 38) at a cost of $10 billion.

Intel's exports represented 11% of Israel's overall exports in 2021 compared with 14% of the country's overall exports in 2020. This fall reflects the record year that Israel's tech exports enjoyed, so that Israel's dependence on Intel as the country's biggest employer was slightly reduced.

Intel's workforce did not significantly rise last year. The company has 14,000 employees in Israel including 2,000 at Mobileye. However, when the completion of the acquisition of Tower Semiconductor is completed, Intel Israel will have another 1,000 employees. Intel also bought two Israeli startups last year - Granulate for $650 million and Screenovate for $100 million.

According to Intel, the company purchased goods for $2.2 billion in Israel in 2021 as part of its reciprocal procurement commitments, up 25% from its procurements in 2020. The reason for the rise was construction work on the new Kiryat Gat fab.

Published by Globes, Israel business news - en.globes.co.il - on July 6, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

Intel Kiryat Gat Photo: Eyal Izhar
Intel Kiryat Gat Photo: Eyal Izhar
Greenfield Partners team credit: Eyal Toueg Greenfield Partners closes $400m third fund

The funds were raised from institutional investors in Israel, the US, Europe and Asia and brings the total funds under management to more than $1 billion.

Blockaid founders Ido Ben-Natan and Raz Niv credit: Liron Weissman Israeli onchain security co Blockaid raises $50m

Blockaid protects the largest companies building onchain, including Coinbase, Metamask, Stellar, Uniswap, and World App.

Air Haifa  credit: ATR Air Haifa to launch Paphos flights

New Israeli airline Air Haifa will launch a new route between Haifa and Paphos in Cyprus on April 3, 2025 with six weekly flights.

Bladeranger Deepsolar credit: PR Bladeranger divests Deepsolar to Painreform in strategic move

Deepsolar, acquired by Bladeranger in early 2023, is a sophisticated software solution designed to optimize the management of photovoltaic solar energy fields.

Traffic jam on the Ayalon Highway in Tel Aviv credit: Shutterstock Tender issued for operating Tel Aviv congestion charge

Minister of Transport Miri Regev has dropped her opposition to the project, reportedly in exchange for financing railways to Kiryat Shmona and Eilat.

Ilya Sutskever credit: Cadya Levy Ilya Sutskever's SSI raising money at $30b valuation - report

The AI startup founded last year by OpenAI founder and former chief scientist Ilya Sutskever, is in talks to raise money at a company valuation of over $30 billion, "Bloomberg" reports.

Dina Ben Tal Ganancia  credit: Guy Kushi & Yariv Fein El Al stock still rising despite return of foreign airlines

The Israeli carrier's share price has risen 35% since the start of the year and some analysts predict further gains.

NIS 200 bills credit: Tali Bogdanovsky Reduction in cash holdings after NIS 200 bill abolishment talk

Since September 2024 there has been a dramatic decline in the number of NIS 200 bills held by the public relative to the number of NIS 100 bills, according to Bank of Israel data.

Teva CEO Richard Francis credit: Elad Malka Teva CEO responds to 25% share price fall

Richard Francis said that the question is no longer whether Teva will survive but whether it can grow more.

Holon employment bureau credit: Eyal Izhar Unemployment in Israel fell in January

The unemployment rate in Israel fell to 2.6% in January 2025, after seasonal adjustment, from 2.7% in December 2024, the Central Bureau of Statistics reports.

Dizengoff Center credit: Guy Hamoy Israel's economy grew 1% in 2024, above expectations

This figure reflects negative GDP per capita growth of 0.3%, because of population growth last year, the Central Bureau of Statistics reports.

Shalev Hulio and Sebastian Kutz credit: Pini Siluk and Dominic Butzmann Israeli co Dream Security raises $100m at $1.1b valuation

The company, which protects national infrastructures, was founded by former spyware company NSO Group CEO Shalev Hulio, former Austrian Chancellor Sebastian Kurz and Gil Dolev.

CyberArk CEO Matt Cohen and founder and executive chairman  Ehud Mokady  credit: PR $20b CyberArk becomes Israel's second most valuable co

The cybersecurity company's share price has almost tripled in value in the past three years.

Israel Tax Authority Head Shay Aharonovich credit: Yossi Zamir Israel Tax Authority set to publish voluntary disclosure plan

The latest procedure, delayed for over a year, will not include an anonymous track but will have a fast track for unreported cryptocurrency assets.

Tel Aviv credit: Shutterstock Meitav sees Israel housing prices falling

More Israeli households are expected to prefer renting a home rather than buying their own apartment and the consequences will be negative, Meitav investment house chief economist Alex Zabezhinsky predicts.

Sasha Troufanov credit: IDF Spokesperson Amazon CEO welcomes release of employee Sasha Troufanov

Andy Jassy said that Amazon has not commented publicly on the hostages for fear that it would negatively impact their ability to be released, or how they were treated in captivity.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018