Intel's Exports from Israel Reach $1.54 Bn in '07

26 February 2007

by Amir Ben-Artzi
NETANYA, Israel — The value of Intel's exports from Israel in 2007 reached $1.54 billion, 18.4 percent up on the previous year. This makes Intel, once again, one of the biggest exporters from Israel.

The company is also one of the largest private employers in Israel; in 2007, the number of Intel employees in the country reached 7,323, compared to 6,800 workers in 2006.

In a press conference in Tel Aviv Tuesday (Feb. 26), Intel said that it would continue recruiting workers in various technology fields, mainly for the new fab it is building in Kiryat Gat in Southern Israel, which is set to open in the second half of 2008. During 2007, Intel bought products and services worth $1.1 billion from suppliers in Israel, largely for the new Fab 28 in Kiryat Gat. More than 90 percent of this was paid to local Israeli companies.