Report: Intel to Close, Sell Israeli Facilities
January 16, 2007 3:52 PM
comment(s) - last by
STMicroelectronics the likely buyer of Intel's Israeli NOR facilities sources indicate
, sources close to Intel indicate that the chip giant is in the process of
shutting down its chip manufacturing facility in Jerusalem
. The same report also mentions that Intel is considering selling its flash memory manufacturing facility in Qiryat Gat, southern Israel. The buyer is said to be STMicroelectronics, one of the world's largest chip manufacturers. The prices for Intel's Qiryat Gat memory facility is estimated to be roughly $1.5 billion USD but does not include any current debt that Intel might have outstanding.
Intel's Jerusalem facility, also known as Fab 8, was the first Intel wafer fab built outisde the U.S. It first opened in 1985.
When asked to comment, representatives from both Intel and STMicroelectronics declined to comment. STMicroelectronics is also in the business of NOR flash memory, standing at the world's fifth largest manufacturer.
The Marker Online
, published that Intel's flash memory business in Israel may also go to STMicroelectronics -- a company that previously stated it would like to either partner with an existing leader in memory products or purchase from a rival and resell.
Intel previously mentioned that it
would not be laying off any of its employees in its NOR flash memory business
Intel has been shutting down various areas of its business since early 2006, all while making plans and activities to open new facilities world-wide.
reported yesterday that Intel is currently in the process of
opening a new 65nm chip manufacturing facility in China
-- the first of its kind for the region. Intel also has a 45nm facility to enter production later this year in Arizona called Fab 32 and another Israeli facility arriving in 2008.
Even if Qiryat Gat NOR facilities are sold, Intel still has significant resources in its Haifa, Petach Tikva and Yakum design centers.
This article is over a month old, voting and posting comments is disabled
RE: Makes some sense...
1/16/2007 6:38:12 PM
I'm sure they won't kill their Israeli R&D. The design efforts over there helped pull Intel's butt out of the fire.
RE: Makes some sense...
1/17/2007 10:20:57 AM
I just want to point out some things that the newspapers here in Israel were saying:
If Intel is selling anything, it is
the Flash based facilities.
The Jerusalem plant produces chips for the automobile industry.
Intel, which has operated in Israel for more than 30 years, is building a new USD 4 billion chip plant alongside the existing one in Kiryat Gat. The new plant will be Intel's second 45 nanometre factory in the world.
The US chip giant is one of Israel's largest exporters with USD 1.19 billion in exports in 2005.
"People Don't Respect Confidentiality in This Industry" -- Sony Computer Entertainment of America President and CEO Jack Tretton
Intel to Open New 65nm Plant in China
January 15, 2007, 4:05 PM
Intel Reorganizes NOR Flash Division But Promises No Lay-offs
May 12, 2006, 9:30 AM
IBM to Offer Watson Supercomputer as Cloud Development Platform
November 14, 2013, 12:00 PM
Microsoft May Use Fuel Cells at Rack Level for Greener, Cheaper Data Centers
November 13, 2013, 3:14 PM
Study: Problems with Surgical Robots Going Unreported to the FDA
November 5, 2013, 2:36 PM
Lenovo CEO Shares Bonus with Workers for a Second Year
September 2, 2013, 11:16 AM
Hacking the Gibson: 24 YO Scored Root on Nation's Top Supercomputers
August 28, 2013, 7:14 PM
Report: Google Kills Employee "20% Time"
August 19, 2013, 10:07 AM
Most Popular Articles
NSA Snares Americans' Porn Viewing Histories in Effort to Target Muslims
December 1, 2013, 9:00 PM
Coalition of 20+ Tech Firms Backs MRAM as Potential DRAM, NAND Replacement
November 29, 2013, 11:59 PM
Dow Chemical to NYC City Council: You Don't Even Know What Styrofoam is!
December 2, 2013, 8:30 PM
Fed Up With Cheating OEMs, Microsoft Trolls Chromebooks in New Ad
November 27, 2013, 4:09 PM
OCZ Goes Bankrupt, SSD Assets are Targeted by Toshiba
December 1, 2013, 9:58 PM
Latest Blog Posts
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
Is The Period Becoming an Expression of Anger?
Nov 26, 2013, 2:02 PM
NSA and Congress -- You Will Never Kill the Constitution, It's an Idea
Nov 10, 2013, 2:00 PM
AT&T Explores $100B+ USD Deal to Acquire Vodafone's European Operations
Nov 4, 2013, 7:34 AM
U.S. Army Developing Cyber, Electronic War Arsenal
Oct 31, 2013, 4:49 PM
More Blog Posts
Copyright 2013 DailyTech LLC. -
Terms, Conditions & Privacy Information