Intel Israel: 2014 exports of total $4.25bFeb. 9, 2015
Intel Israel's exports rose by 10% in 2014, and it is spending $800 million on upgrading its fabs, according to figures released today.
Intel Israel's exports totaled $4.25 billion in 2014 (accounting for about 4% of Israel's total exports of goods and services), compared with $3.8 billion in 2013. In its 41 years of activity in Israel, Intel Israel has notched up exports totaling $39 billion.
One of the largest projects that Intel Israel is currently working on is the upgrade of its fabs in Kiryat Gat. According to Intel Israel's estimates, construction costs will total $800 million. Intel will construct a 5,000 square meter building bridging between the two fabs in which robots will move silicon wafers between them: the Intel fab (Fab 28) and the fab that Intel bought from Micron.
Intel has undertaken to carry out procurement in Israel totaling $1.87 billion annually over ten years as part of the investment program, mainly from small and mid-size Israeli suppliers.
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