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Intel Israel reports record-setting year with $8 billion in 2020 exports

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Intel Israel, one of the country’s largest private employers, has reported a record-setting year for 2020 despite the pandemic downturn and a rocky year for the US corporation.

The US chipmaker’s Israel branch reported a record $8 billion in exports in 2020, marking an increase of 14% over 2019’s exports of $6.6 billion.

Intel is Israel’s largest private tech employer, with 13,950 workers. It accounts for 14% of the country’s tech exports and 2% of the national GDP, according to the Calcalist business daily.

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Mobileye, an Israeli startup Intel purchased in a record-setting deal in 2017, made $967 million for Intel last year and reported 10% growth. In the fourth quarter of 2020, Mobileye made $333 million,........

© The Times of Israel

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