intel export from Israel in 2019 increased by more than $ 2.7 billion to $ 6.6 billion

Intel Worldwide released data on its operations in Israel, which shows that in 2019, the company's exports nearly doubled. Intel Israel's volume of exports increased by more than $ 2.7 billion to $ 6.6 billion last year, compared with $ 3.9 billion in 2018. The company's total exports during its 46 years of operation in Israel total more than $ 60 billion.
The company is also a very large employer in the economy - with the inclusion of Mobilai employees - Intel Israel today directly employs about 13,700 employees. Intel's investment in establishing development centers and manufacturing plants amounts to $ 20.5 billion to date. This year, Intel launched the company's new development center in Petah Tikva, which employs approximately 1,800 people.
Last December, Intel bought Israeli startup Habana Labs for $ 2 billion. $ 1.8 billion was directed toward procurement from Israeli companies, with 75% of procurement directed to SMEs.
Yaniv Gerti Managing Director Intel Israel said: "Intel develops and manufactures technologies that affect us all in the fields of computing, artificial intelligence, communications, cyber, etc. In the past year, Intel has strengthened its technological leadership in the field of artificial intelligence with the launch of new products and the acquisition of Habana Labs. The company has deepened its relationship with the entrepreneurial ecosystem and launched the Ignite startup accelerator, which, along with a host of Intel Capital investments, has led Intel to strengthen its relationship with Israeli startups. Strong and significant and continue to deliver real value to the global Intel "