Intel Israel’s exports only rose slightly in 2021
2 min readIntel Israel now released details summarizing its operations in 2021, as aspect of the firm’s corporate obligation report. Intel Israel’s exports rose to $8.1 billion past yr, marginally higher than $8 billion in 2020. The Kiryat Gat plant was responsible for 70% of Intel’s exports while the development centers were being liable for the other 30%.

When $8.1 billion is a new record, it only represented a rise of just in excess of 1%, while Intel’s exports from Israel rose 21% in 2020 and 70% in 2019. Intel attributes the smaller rise in exports to the actuality that the new plant in Kiryat Gat (Fab 28) is now working at entire ability and there are no selections for escalating output. Intel is constructing a new plant in the metropolis (Fab 38) at a price tag of $10 billion.




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Intel’s exports represented 11% of Israel’s over-all exports in 2021 compared with 14% of the country’s general exports in 2020. This slide demonstrates the report calendar year that Israel’s tech exports liked, so that Israel’s dependence on Intel as the country’s most important employer was a little bit lessened.

Intel’s workforce did not appreciably rise previous yr. The firm has 14,000 staff members in Israel including 2,000 at Mobileye. However, when the completion of the acquisition of Tower Semiconductor is completed, Intel Israel will have an additional 1,000 workforce. Intel also purchased two Israeli startups very last calendar year – Granulate for $650 million and Screenovate for $100 million.

According to Intel, the firm obtained goods for $2.2 billion in Israel in 2021 as section of its reciprocal procurement commitments, up 25% from its procurements in 2020. The reason for the increase was construction do the job on the new Kiryat Gat fab.

Revealed by Globes, Israel small business news – en.globes.co.il – on July 6, 2022.

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


