Companies planning one-time cash payments to their employees to help them cope with financial hardships during the ongoing war with Hamas
The post Multinational tech firms from SAP to Intel to give Israeli workers wartime grant appeared first on The Times of Israel.

Israeli maker of chips and semiconductors will use Intel’s New Mexico manufacturing plant and invest up to $300 million to buy equipment as part of the partnership deal

Taking tech giant by surprise, Israeli government in June disclosed Intel's 'unprecedented' planned investment, calling it largest ever by a global private company in the country

Prime Minister Netanyahu hails investment as largest ever by a global private company in the country; chip plant to hire thousands of employees

Shares in the Israeli automated driving technology maker have more than doubled since its Nasdaq IPO in October; Intel to retain control of Mobileye following the share offering

Chip maker sets up engineering teams to work on system-on-chip, software for self-driving vehicle capabilities as part of US semiconductor's expanded R&D operations

Karin Eibschitz-Segal, head of Intel's development centers in Israel, named global corporate VP, becoming second Israeli woman to hold senior role

The deal, estimated at $150 million, marks Intel's fifth purchase of an Israeli company in 5 years

The semiconductor giant is rolling out new processors for PCs, named Alder Lake and built on hybrid architecture designed locally

Google, Microsoft, Facebook, Intel and Nvidia are setting up or expanding their Israeli chip design operations, and local firms are seeing a renaissance as VC money rolls in

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