1. Intel has announced a $4.5BN-$5BN expansion of its southern Israel plant (in Kiryat Gat) – which is one of the world’s most advanced chip manufacturing facilities – for the next three years, following a 2016-2017 $6BN upgrade of the same facility. The two rounds of investment are, probably, related to Intel’s March, 2017 $15.3BN acquisition of Mobileye, the Jerusalem-based developer of advanced vision and autonomous-driving assistance systems. Intel acquired eight Israeli companies.
Intel employs, in Israel, 11,000 persons (in addition to Mobileye’s 1,000 employees) in three research & development centers and one manufacturing plant, which exported $3.7BN in 2017 (before the current expansion). Since 1974, when Intel launched its Israeli operations, it invested $35BN in Israel, and exported $50BN from Israel.
Since 1998, “Intel Capital” has invested in 18 Israeli startups.
During the last decade, Intel’s total purchase of Israeli goods and services was $10BN (Globes Business Daily, February 19, 2018).
2. Israel has attracted over 300 global high tech companies due to its brain-power, which has been enhanced by a “do-or-die” state of mind – militarily, economically, educationally, agriculturally, irrigation-wise and balance of trade-wise, yielding game-changing, ground-breaking solutions and technologies.
3. Warren Buffett’s Berkshire Hathaway expressed confidence in Israel’s (ailing-recovering) Teva Pharmaceutical Industries, buying 1.8% of its stock for $358MN, which surged Teva’s share price 8.64% on the NYSE (Globes, Feb. 15).
4. According to Bloomberg (Feb. 19), a 10 year, $15BN deal to export Israeli natural gas to Egypt is about to be concluded between Noble Energy and Delek Drilling, the exporters, and Dolphinus Holdings, the importer, enhancing the Egypt-Israel cooperation, and advancing Egypt’s ambition to become a regional energy hub. It follows the 2016, 15 year $10BN natural gas agreement with Jordan.