# 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.

- Type: Investment
- Announced: 2021-05-02
- Where: Jerusalem, Israel
- Value: $600.0M
- Status: announced
- Products: chips, self-driving car technologies
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Intel](https://endata.com/companies/21062.md)
- [Mobileye](https://endata.com/companies/22793.md)

## Sources

- [reuters.com](https://www.reuters.com/world/middle-east/intel-invest-600-mln-expand-chip-mobileye-rd-israel-2021-05-02/), 2021-05-02: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.