Intel Upgrades Chip Manufacturing In Israel Factory
U.S. chipmaker Intel Corp. is expected to invest $2.7 billion over the next two years updating its chip manufacturing plant in southern Israel to produce 22 nanometer technology, according to a recent Reuters report.
The amount includes a 740 million shekel ($210 million) grant recently approved by the Israeli government.
“We are already in preparation for hiring,” Maxine Fassberg, general manager of Intel Israel, told a news conference. “We are scheduled to start production in December.”
Fassberg said the Israeli plant in Kiryat Gat will be Intel’s second worldwide to produce the smaller 22 nanometer chips.
Twenty-two nm is the industry standard for the next generation of logic process chips, moving into forward yet again from the current 32 nm and following Moore’s Law.
Intel co-founder Gordon Moore offered his initial predictions in 1965 that the number of transistors on a chip will double every two years. Originally intended as a rule of thumb, that prediction has become a principle for the industry in delivering ever-more-powerful semiconductor chips with proportionate decreases in cost.
Intel Israel, which employs 7,057 people, will hire 1,000 people over the coming year. “There are no plans to build a new plant (in Israel),” Fassberg said.
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