The State of Israel boasts a young, vibrant, developed economy. It is a country which encourages initiative and diversity and rewards innovation and improvisation. Israel has become a leader in advanced technological development, research, and international collaboration. Much of its success is based on its mst precious resource, the mind and spirit of its hardworking and industrious working population.
Israel exemplifies the notion that necessity is the mother of invnetion; with a harsh climate and scarce resources, Israel has invested heavily in developing a highly skilled workforce. That investment has paid off, and over the past decade Israel has attracted significant capital for its leadership in clean energy technologies, the biomedical field, and software development. Today Israel boasts the largest number of NASDAQ-listed companies outside of the US.
Israel's 2010 admisison to the Organization for Economic Cooperation and Development, whose mission espouses "A Stronger, Cleaner, Fairer World Economy," cements Israel's increasing role on the world stage.
Israel Saves Intel
In 2006, Intel, the producer of the famed Pentium Chip, was taking a beating from Advanced Micro Devices [AMD] after its 2003 launch of Opteron. Intel's stock was plummeting and its processor had hit a performance wall.
The Israeli team got to work, relying on two core Israeli traits to overcome this problem: Creativity to design a solution and determination to convince top management to put its energy behind their Core 2 Duo processor
Intel's bet on the Israelis required a shift in thinking about how processors work and how Intel marketed them. Intel had always promoted the theory that faster clock speed, the rate at which a chip executes instructions, was the key to measuring a computer's performance. Despite being slower than the Pentium chip, the Core 2 Duo processor provided more power efficiency, increased computer performance and the potential to revive Intel's dwindling market share.
The company's strong history with its Israeli team encouraged Intel executives to trust the Israeli team's chutzpah. Adopting the Core 2 Duo processor paid off---In June 2010, Inte's market share was approximately 80% compared to AMD's meager 12%
After more than 35 years since Intel's first investment in Israel, the company boasts multiple Israeli location, including:
Haifa: Established in 1974 as Intel's first design and development center outside the US, Haifa is home to Intel's Israel Development Center. IDC, which specializes in software technologies, created Intel's pioneering processors and now develops Intel's mobile microprocessors.
Jerusalem: Fab 8, Intel's first non-US water fabrication facility, manufactures more than 130 different products which are used in a variety of industries.
Orvat Gat: Opened in 1999, the $1.6 billion Orvat Gat facility represents the largest single private sector investment ever made in Israel.
Kyriat Gat: Building on its success, Intel is expanding its facility here with a planned $2.7 billion investment in Israel.
Over the past four decades, the relationship between Intel and Israel has continued to grow. Following steady success, it seems that all eyes are on Israel when it comes to Intel's future innovation and product development
http://www.worldstridescapstone.org/wp-content/uploads/2011/09/Destination-Israel.pdf