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Nvidia is actively
seeking land to build a massive multibillion-dollar tech campus in Israel’s
north, which is expected to provide thousands of jobs in what promises to be a
major expansion of the US chip giant’s operations in the country.
The computing juggernaut
announced on Sunday that it had issued a so-called request for information
(RFI) tender to locate a plot of land spanning 70 to 120 dunams (30 acres) with
construction rights to build a campus of 80,000–180,000 square meters. Nvidia
is interested in buying land with “high accessibility to main traffic arteries
and public transportation” around Zichron Yaakov, Haifa, and the Jezreel Valley
areas.
“It’s a very sizable
investment, and to decide to locate it in Israel goes a long way and is a sign
of confidence in the Israeli high-tech ecosystem,” Israel Innovation Authority
CEO Dror Bin told The Times of Israel. “This declaration is mutually beneficial:
Nvidia is enjoying the benefits of the local ecosystem and talent, and the
ecosystem will enjoy this big investment of Nvidia because it will help Israel
remain at the forefront of innovation and technology, especially in the
artificial intelligence space.”
Bin added that a project
of this size is slated to be one of the largest tech campuses in Israel. Its
economic implications for the north of the country, he said, range from
Nvidia’s level of commitment to Israel to the broader employment and suppliers
needed to support the tech campus, and the companies that will develop around
the site.
As global tech firms
including Microsoft, Amazon, Alphabet, and Tesla race to build AI data centers
and dominate the emerging technology, demand for Nvidia’s most advanced
processors is surging.
“Israel is a superpower
when it comes to chip design and development, and most of the large
multinationals such as Intel and Apple that develop chips have a presence in
Israel because of the local human talent and its capabilities in making real
breakthroughs,” Bin added.
Nvidia’s R&D
activities in Israel are already the firm’s largest outside of the US. At the
end of December, the chipmaker announced the completion of the acquisition of
Israeli AI workload management startup Run:ai for an estimated $700 million.
Nvidia employs over
5,000 workers in Israel in seven R&D centers, from Yokne’am, the
headquarters of Mellanox, to Tel Aviv, Jerusalem, Ra’anana, and Beersheba in
the south. This year, Nvidia also boosted its footprint in Tel Aviv by renting
another 10 floors in the Rubinstein Twin Towers, in addition to the eight
floors it already occupied.
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