Intel Israel: Exports amounting to 8 billion d in 20 ‘- the capital market

Intel Israel publishes economic data of its domestic operations in 2020 and shows a record volume of $ 8 billion – about 20% higher than exports in 2019, which amounted to $ 6.6 billion. This amount makes Intel in Israel hold a share of 14% of domestic high-tech exports in 2020.

By comparison, in 2018 exports to Intel Israel were $ 3.9 billion, in 2017 $ 3.6 billion, and a year earlier in 2016 it was $ 3.3 billion.

Purchases of Intel Israel products and services amounted to NIS 5.9 billion in 2020, and of the purchases from Israeli businesses, 75% is attributed to small and medium-sized ones.

Among the technologies developed this year at Intel Israel and exported abroad, the company mentions the development of processor architectures and the processors themselves, Wifi-6e technology for fast connection to wireless Internet, Baudi’s Gaudi chips embedded in Amazon’s AWS cloud services, along with two hardware security solutions – CET and TDX.

Intel Israel states in a press release that they have moved this year to fully manufacture products with a production technology of 10 nm. This is while the market criticizes the global company for the repeated delays in the production of 7-nm processors by the end of 2022-early 2023, while competitors ARM and Anvidia are already producing such, and while TSMC is expected to begin production experiments of 4-nm chips by the end of the year. The market also expects that under Intel’s new global CEO, Pat Glasinger, Intel will cut its manufacturing operations and focus on development.

In the past year, Intel’s workforce in Israel has grown by about 200 people and today it employs about 13,950 people, of which 7,000 in the development centers, 4,850 in the production center, and about 2,100 employees of Mobilai Mobit, and Habana Labs. The latter two were acquired by Mobilai and Intel, respectively, last May and December 2019. Intel is the largest employer in the domestic high-tech market.

“Despite the Corona crisis, the company has set strategic goals for 2020 for the next decade, by 2030,” she said. Karin Ibschitz Segal, CEO of Intel Israel Development Centers. “Among other things, Intel will increase the amount of annual purchases from diverse Israeli businesses to NIS 700 million by 2030, increase the number of women in technological positions at Intel Israel to 40% and encourage its employees to volunteer in order to reach 10 million volunteer hours in the next decade at each Intel “.

“2020 was a year of high social involvement,” added Ivshitz Segal. “Intel donated NIS 24 million to Israeli society this year: to the victims of the Corona crisis, to youth at risk, to the Israeli academic health system, and to welfare activities in various communities.” “Youth to provide artificial intelligence skills and future skills to teenagers in 4 schools in Israel and among 150 students. By 2030, Intel intends to train 30 million students worldwide in AI skills, including in Israel, and train them in the digital world.”

In the last quarter of 2020, Intel Global beat analysts’ forecasts with earnings of $ 1.52 per share, compared to a forecast of $ 1.10. Revenue was $ 20 billion, compared to a forecast of $ 17.49 billion. The forecast for the current quarter, the first of 2021, has disappointed investors, with Intel expecting revenue of $ 18.6 billion and earnings of $ 1.03 per share – meaning a decline from quarter to quarter in the top and bottom rows.