US chip giant Nvidia announced Thursday that it would build a planned “multibillion-shekel” research and development campus in the northern town of Kiryat Tivon, bringing thousands of jobs to a region outside Haifa with designs of creating a tech hub.

Construction on the 160,000-square-meter tech campus is expected to begin in 2027 and be completed by 2031, the chipmaker said, announcing Nvidia’s eighth such center in the country.

The R&D center, which will be designed along the lines of the company’s spaceship-like buildings at its Santa Clara, California, headquarters, will provide jobs for 10,000 people, doubling its current workforce here, and include a park, a visitor center and cafés, according to Nvidia.

The computing juggernaut said that the new campus will also include labs and collaborative areas that “foster innovation within Nvidia and with partners, startups, and the broader ecosystem, supporting Nvidia’s growth in the country.”

“Our new campus will be a place where our teams can collaborate, invent, and build the future of AI,” Nvidia founder and CEO Jensen Huang said in a statement.

The campus will be built on a 90-dunam (22-acre) plot purchased by Nvidia for about NIS 90 million ($29 million), according to the Israel Land Authority. The chipmaker was reportedly granted a NIS 70 million discount on the land purchase. Beyond that, Nvidia did not request and was not given any additional tax or other benefits, the Finance Ministry said.

“Israel is home to some of the world’s most brilliant technologists and has become Nvidia’s second home,” Huang said. “This investment reflects our deep and enduring commitment to our families in Israel and........

© The Times of Israel