In order to expand research and development (R&D) in Israel, Intel Corp announced to invest $600 million. As per plan the company will invest $400 million to change its Mobileye unit headquartered in Jerusalem into an R&D campus for developing self-driving car technologies.
- The company announced $200 million will be invested in building an R&D centre, called IDC12, in the northern port city of Haifa next to its current development centre.
- The new R&D facility will have a capacity of 6,000 employees
The prominent acquisitions and deals by Intel are mentioned below:
March 2021: To enhance foundry capacity, Intel plans to invest $20 billion to build two new facilities in Arizona. The manufacturing expansion is expected to create over 3,000 permanent high-tech and high-wage jobs in the USA. Intel also announced IDM 2.0, a major evolution of integrated device manufacturing (IDM) model.
Jan 2021: Intel Corporation announced that it has invested a further US$475 million in Intel Products Vietnam (IPV). This new investment is in addition to Intels US$1 billion investment to build a state-of-the-art chip assembly and test manufacturing facility in Saigon Hi-Tech Park (SHTP).
July 2020: The self-driving technology provider Mobileye, a subsidiary of Intel announced a strategic collaboration with WILLER, a leading transport operator to launch an autonomous robotaxi service in Japan and markets across Southeast Asia.
May 2020: Intel Corporation announced that its global investment organization Intel Capital, is investing approximately $132 million in 11 technology startups.
May 2020: Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion. Earlier Moovit has raised $133 million from investors including Intel, BMW iVentures and Sequoia Capital. Moovits free mobile navigation app provides transit information to more than 750 million users in 100 countries. Moovit has launched an emergency mobilization service, which was created for transit agencies and enterprises during the COVID-19 pandemic.
April 2020: Intel announced an additional $50 million for pandemic response technology initiative to combat the coronavirus. It helps to accelerate the access to technology at the point of patient care, speeding scientific research and ensuring access to online learning for students.
December 2019: Intel Corporation, had acquired Israel-based Habana Labs for $2 billion. Habana Labs is a leading developer of programmable deep learning accelerators for data center. The acquisition will strengthen Intels artificial intelligence (AI) portfolio. As per Intel, the AI silicon market expects to be more than $25 billion by 2024.
December 2019: Intel Corporation completed the sale of the majority of its smartphone modem business to Apple.
September 2019: Intel collaborated with Oracle, for high-performance capabilities of Intel Optane DC persistent memory into its next-generation Exadata platform, Oracle Exadata X8M.
April 2019: Intel announced a strategic partnership with Google Cloud to help enterprise customers seamlessly & deploy applications across on-premise and cloud environments.
Intel, headquartered in California, USA, is shaping the data-centric future with artificial intelligence (AI) portfolio and communications technology. Intel Corporation develops technologies that provide a seamless experience across multiple platforms, such as cloud, data center, PC, and IoT. The companys engineering capability helps secure, power, and connects billions of devices through smart infrastructure