Intel management to hold strategic meeting in Israel
The entire international management of Intel will meet with Prime Minister Benjamin Netanyahu this week.
Netanyahu will give them a review of Israeli technological innovation spanning cyber, artificial intelligence (AI), and quantum computing, among other things. Intel will tell Netanyahu that Israel can become an international center for autonomous vehicles. The exact meeting date has not been set.
For the first time, Intel is holding its annual event of strategic discussions by senior management, headed by interim CEO Bob Swan, in Israel. Dozens of Intel executives will attend the event, including the CFO, the president of Intel Capital, global computer and servers managers, the 5G communications manager, and Intel’s AI manager.
“The visit highlights our commitment to Israel and our belief that Israel is a catalyst in promoting the technology that will drive the coming era,” Swan said Monday. “Israel will become a global center for autonomous driving technology, AI, and core computing, all of which are extremely important for the world.”
The event was initiated and pushed by Mobileye cofounder, current CEO of the Mobileye group in Intel, and senior Intel VP Prof. Amnon Shashua, who is leading the visit and acting as the guests’ guide on their tours. Among other things, the visit is designed to study in depth Israel’s unique role as a source of global innovation.
Intel’s management held discussions Monday in various business groups, and is meeting with employees and executives in Intel Israel and Mobileye and hearing from them about their work. Among other things, meetings were held with the management of Intel’s plant in Kiryat Gat, which was named Intel’s most outstanding fab (manufacturing facility.) Intel’s management also met with the management of the Mobileye plant in Jerusalem.
An event held on Monday in Haifa in honor of ninth-generation Core 900 processors. Thousands of employees attended the event, which took place at the Haifa International Convention Center. The new AI center, the founding of which was supported by Intel, was inaugurated Tuesday in the presence of Intel’s management.
“Israel has become a general world center of autonomous driving developers,” Shashua said. “The next revolution will originate in Jerusalem and affect all of our lives. The historic visit to Israel by Intel’s senior management emphasizes Israel’s importance to the company’s vision and strategy.”
Earlier this year, the government granted Intel NIS 1 billion for expansion of its fab in Kiryat Gat. Intel says that the purpose of the meetings in Israel is not to promote additional investments in Israel, but these meetings constitute part of the yearly strategic discussions being conducted by the company’s management on questions concerning Intel’s future direction and plans. (Globes/TNS)