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March 19, 2012 4:11 pm

Intel Israel Accounts for 40 Percent of Tech Giant’s Revenue

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The Scientific Industries Center located at the southern entrance to Haifa, Israel. Photo: Zvi Roger.

Israeli high-tech company Intel Israel Ltd. now accounts for 40 percent of Intel Corporation’s revenue and plans to hire 600 new employees in 2012.

Intel Israel’s exports totaled $22.4 billion in 1999-2011, and the company’s exports totaled $2.2 billion in 2011, said Maxine Fassberg, the company’s general manager, at Intel’s recent annual press conference in Kiryat Gat, reported Globes, Israel Business News.

Intel Israel developed of the Ivy Bridge platform for computer processors, which is about to enter the commercial market. Intel Israel has also founded 230 companies and hired 250 employees a year since 2006. “When we’re asked what is Intel’s added value to the Israeli economy, I think that this is a nice example,” Fassberg said.

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