Intel to invest $600 million in Israel R&D expansion

Intel announced it will invest $600 million in Israel to expand R&D, including $400 million to turn its Mobileye unit into an R&D campus for self-driving car technologies. The announcement was made on May 2, 2021.

“Intel said on Sunday it will invest another $600 million in Israel to expand its research and development (R&D) and confirmed it was spending $10 billion on a new chip plant.”reuters.com

• 1 source
• reuters.comIntel to invest $600 mln to expand chip, Mobileye R&D in Israel | ReutersSteven ScheerMay 2, 2021

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