Learning From Israel s Successful Innovation Ecosystem forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Cars drive past US chipmaker Intel Corp’s “smart building” in Petah Tikva, near Tel Aviv, Israel December 15, 2019. Photo: REUTERS/Amir Cohen.
As the global economy struggles with a shortage of semiconductors, threatening auto factories and toaster ovens alike, US chip giant Intel on Sunday announced multi-billion dollar investments to develop the “chips of the future” in Israel. It was just the latest indication that the world’s biggest tech companies including Facebook, Amazon and Google increasingly see Israel as a cornerstone of their strategy in the highly competitive field of microchip development.
Intel, which in 1974 opened its first development center outside the US in Israel, is planning to set up a “mega chip” design campus in Haifa to the tune of $200 million, which will employ 6,000 software and hardware engineers. Another $10 billion will be spent on building a new chip plant to boost manufacturing capacity at its Kiryat Gat factory in the south of
Intel to Invest $10B in New Israeli Manufacturing Site Daniel Sonnenfeld 05/03/2021
The chip giant will also enlarge its R&D centers in the country at a cost of $600 million
Intel confirmed on Sunday that it had begun building a new manufacturing center at an estimated cost of $10 billion in Kiryat Gat, an Israeli city in the south of the country, where the company already has a large plant. The company also committed to enlarging its research and development centers in Jerusalem and Haifa at a cost of $600 million. Last week, the company said that it planned to employ 1,000 more Israelis, expecting that its Haifa center will develop the “chips of the future.”
Augwind shareholders meeting approved the Appointment of Gabi Seligsohn as Executive Chairman of the Company s Board
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YAKUM, Israel, April 8, 2021 /PRNewswire/ Augwind
(TASE: AUGN), which specializes in the development and installation of compressed air storage technologies to increase energy efficiency (AirSmart), and for energy storage for the electricity sector, today announced that further to the decision of its board of directors to appoint Mr. Gabi Seligsohn to the position of Executive Chairman of its board, the company s shareholders meeting has also approved the appointment.
High-tech businessman, Gabi Seligsohn, served as President & CEO of Nova Measuring Instruments between 2006 and 2013. Between 2014 and 2018 he served as CEO of Kornit Digital, where he led its successful IPO on Wall Street. Mr. Seligsohn currently serves as director on a number of NASDAQ-traded technology companies. In 2010, he was voted CEO o
Augwind Announces the Appointment of Gabi Seligsohn as Executive Chairman of the Company s Board prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.