Friday, 24 March, 2023

Intel to invest $600 mn to expand chip, develop self-driving car tech in Israel

<p>Intel will invest another $600 mn in Israel to expand R&amp;D and spent $10 bn on a new chip facility. The announcement was made the CEO Pat Gelsinger who elaborated that $400 mn will be invested to turn Mobileye unit headquartered in Jerusalem into an R&amp;D campus for the development of autonomous vehicle driving tech. Balance $200 mn will go into building an R&amp;D center, called IDC12, in the port city of Haifa. Intel&#39;s &quot;mega chip design&quot; facility will create 6,000 jobs.</p>