January 18, 2011
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.
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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