La Derecha Diario NVIDIA announced a billion-dollar investment in Israel
This decision will position it as the most important high-tech company in the country
The American technology giant NVIDIA plans to build a massive development center in northern Israel, with an investment of several billion dollars. This will make it the largest employer in the high-tech sector in the country. Israeli officials confirmed this week, highlighting the strategic impact of the project amid regional instability.
The company, headquartered in Santa Clara, California, and recently crowned as the world's most valuable company with a market capitalization of 4 trillion dollars, received dozens of proposals from Israeli municipalities in response to its official request for information about available land.
The new campus will be located near its current headquarters in Yokneam, a technology city situated about 20 kilometers (12.4 miles) from the port of Haifa.
"This is a long-term strategic investment in Israel and a clear sign of confidence in the local technology industry", said Dror Bin, CEO of the Israel Innovation Authority, in statements to JNS.
Yariv Becher, vice president of partnerships at Startup Nation Central, an Israeli nonprofit organization that promotes innovation, also emphasized the importance of the announcement: "It's amazing to see the value that NVIDIA gets from its operations in Israel, especially in light of the challenges the region has faced over the past two years. This demonstrates the central role that the Israeli technology sector plays in the global technological revolution".
With this investment, Israel further consolidates its position as a global technology powerhouse.
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