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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Intel exports from Israel reached $3.8 billion in 2013

Intel exports from Israel reached $3.8 billion in 2013

Feb. 6, 2014

Intel’s Israeli operations racked up exports of $3.8 billion last year, a decline from 2012’s $4.6 billion because accounting technicalities, the company said on Sunday as it marked the start of its 40th year of operations in Israel.

“If you look at the books, we were lower than last year but if you look at capacity we didn’t decline. We were pumping out more wafers,” Mooly Eden, president of Intel Israel told a press conference.

Intel Israel’s 2012 export figure was inflated by a bookkeeping procedure that pushed part of its 2011 output into the year 2012. Discounting that factor, Intel Israel increased exports in 2013, said Eden. The 2013 figure brought Intel’s total exports for the four decades since it began operations in Israel to $35 billion.

Dov Frohman, an Israeli Intel executive, set up the company’s first research and development operation in Israel with five people in 1974; today, the company employs nearly 9,900 people in both research and manufacturing in Israel, making it the country’s biggest private sector employer.

For the full Haaretz story click here.

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