Nvidia plans to establish a significant research and development center on a sprawling campus located in the north of Israel.
**Nvidia Announces Major Expansion in Israel with New Research and Development Campus**
In a significant move, global technology giant Nvidia has announced plans for a new research and development (R&D) campus in northern Israel. The proposed campus, which will be located near the company's current Israeli headquarters in Yokneam, is set to be a game-changer for the region's tech industry.
The new campus will span between 80,000 to 180,000 square meters, making it roughly four times the size of Microsoft's Herzliya campus. Nvidia is seeking to acquire 70 to 120 dunams (approximately 30 acres) of land for the project, with potential sites near Zichron Yaakov, Haifa, and the Jezreel Valley area. This multibillion-dollar investment is expected to accommodate several thousand new employees, adding to Nvidia's existing Israeli workforce of over 5,000.
The campus will serve as a hub for Nvidia's global innovation efforts, particularly in the field of artificial intelligence. It will feature an advanced AI data center infrastructure with up to a 30-megawatt power capacity. Nvidia emphasizes the importance of Israeli talent and innovation for its global success, and this expansion is a testament to that commitment.
The site for the new campus must have immediate availability for construction and easy access to major highways and public transportation to support the large workforce and operational demands. Nvidia is reportedly considering locations near major arteries like Highway 6 or existing railway lines connecting Tel Aviv to Nahariya via Haifa, or the Jezreel Valley railway.
This expansion cements Israel’s status in Nvidia’s global R&D network and will significantly boost high-tech employment in northern Israel. The company has already seen its Israeli operations grow five-fold and its workforce double since the acquisition of Mellanox, which forms the backbone of most of Nvidia's Israeli operations.
This strategic expansion in the north is a continuation of Nvidia's successful acquisition of Yokne'am-based Mellanox in 2020 for $6.9 billion. The company has also finalized its acquisition of Israeli startup Run:ai, securing access to software designed to optimize the performance of intelligence computing hardware.
Israel is becoming a hub for corporate R&D giants, with Tel Aviv leading the way. The country's tech sector is renowned for its innovative spirit and skilled workforce, making it an attractive destination for global tech companies like Nvidia.
In conclusion, Nvidia's planned expansion in Israel is a significant development for the country's tech industry. The new R&D campus will not only create thousands of new jobs but also reinforce Israel as a critical hub for Nvidia's global innovation efforts, particularly in the field of artificial intelligence.
| Aspect | Details | |--------------------|----------------------------------------------------------------| | Location | Near Yokneam; possible sites near Zichron Yaakov, Haifa, Jezreel Valley | | Land size | 70-120 dunams (about 30 acres) | | Campus size | 80,000 to 180,000 square meters | | Cost | Multibillion-dollar investment | | Existing workforce | 5,000 employees | | Employment impact | Expected to triple workforce, adding thousands of jobs | | Key features | R&D complex, advanced AI data center, 30 MW power capacity | | Strategic reason | Strengthen Israeli tech presence, especially in AI |
The new R&D campus, a game-changer for Israel's tech industry, will be a significant hub for Nvidia's global innovation, primarily in artificial intelligence. This multibillion-dollar investment in real-estate will also cater to investing in cutting-edge technology, further bolstering Israel's position as a hub for corporate R&D, particularly in the field of AI.
Israel's reputation as a region with a skilled workforce and innovative spirit makes it an attractive destination for companies like Nvidia to finance and invest in real-estate and technology, thereby fostering the growth of their businesses and the overall tech industry.
