Intel Banks on Israel for Profit, Hangs Out ‘Help Wanted’ Sign (INN) ISRAEL NATIONAL NEWS) By Tzvi Ben Gedalyahu 03/18/12)
INN} ISRAEL NATIONAL NEWS
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Intel Israel once again is hanging out the “help wanted” sign as the
company says the Israeli branch provides it with 40 percent of its
Maxine Fassberg, general manager of Intel Israel, told the company’s
annual news conference in the southern city of Kiryat Gat, 20 miles
north of Be’er Sheva, that it will hire another 600 employees this
Intel Israel hired 700 new employees last year, bringing its total
work force in Israel to 7,800.
"Intel Israel´s exports totaled $22.4 billion in 1999-2011," said
Fassberg, and last year’s exports totaled $2.2 billion, helping
Israel’s balance of trade and strengthening the shekel.
The U.S.-based chip giant has invested more than $9 billion in
Israel, more than 10 percent of which was backed by government
Two key advantages to its Kiryat Gat location is the availability of
a wide pool of workers in southern Israel, and the city’s being
adjacent to the high-speed north-south Highway 6 (Kvish 6), which
cuts the driving time to metropolitan Tel Aviv to less than an hour.
(IsraelNationalNews © 2012 03/18/12)
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