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February 4, 2019 11:19 am

Intel Appoints Seven Israeli VPs, on Heels of $11 Billion to Expand Kiryat Gat Facility

avatar by JNS.org

Intel Shooting Star Quadcopters. Photo: courtesy of Intel.

JNS.org – Out of 150 vice presidents in the $226 billion Intel Corporation, a sizable 20 are Israeli, according to a report by financial news site Calcalist.

On Thursday, Intel announced the appointment of a series of vice presidents, including seven Israelis.

Intel has been operating in Israel since 1974 and employs approximately 13,000 people at Intel’s five Israeli research-and-development centers, exporting $4 billion dollars worth of products in 2018.

Of all the patents submitted by Intel from 2015 to 2018, 12 percent originated in Israel, according to intellectual property lawyer Ilan Cohn, who was cited in Calcalist.

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Last week, Israel’s Minister of Finance said Intel agreed to invest $11 billion (NIS 40 billion) in an expansion at the Intel facility in Kiryat Gat. Intel also bid $6 billion for Israeli chipmaker Mellanox Technologies.

In 2017, Intel bought Jerusalem-based automotive-safety tech company Mobileye for $15.3 billion.

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